Gold price drops to $4,310/oz as Fed votes 12-0 in favor of 25 bps rate hike, with 16 of 18 policymakers seeing another hike in 2026 - kitco.com

Gold price drops to $4,310/oz as Fed votes 12-0 in favor of 25 bps rate hike, with 16 of 18 policymakers seeing another hike in 2026 - kitco.com

Source: kitco.com

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DW NOTE

The Fed hiked into a supply shock that's already draining $4 trillion in global purchasing power through the Strait closure, and gold fell $76 on the news. That tells you the market still believes central banks control more than geology and naval choke points. They don't.

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