Gold price down but weathering ECB's 25 basis point rate hike - KITCO
Source: KITCO
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DW NOTE
The ECB raised rates into a commodity shock. Gold fell, but only to $4,399 — still 17% below its January peak but $1,500 above the pre-crisis norm. That's not weakness. That's repricing against central banks tightening while oil inventories drain at 3 million barrels a day and the Strait remains functionally closed.
Today's Digest covers energy markets, Iran's reopening offer, UK warnings of Russian threats, mRNA shedding, FISA withholding, Microsoft buyouts, an AI-flawed court ruling, recruiting immigrant teachers, UK educational outcomes for whites, and advice to start prepping.
Bitcoin Magazine Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom Bitcoin price recovered from an early-morning low near $79,400 to trade around $80,500 on Tuesday, holding above $80,000 ahead of this week’s Fed decision and the November midterms. This post Bitcoin Price Rests Near $
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Downside risks are building in gold, but prices still have a path to $5,000 - State Street’s Doshi - Kitco