Gold price hits two-week low as Warsh repricing, oil shock lift yields - Kitco AM Report - KITCO
Gold price hits two-week low as Warsh repricing, oil shock lift yields - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
Gold down 17% from its January peak as 10-year yields climb to 4.73%—all while the Strait of Hormuz remains effectively closed for the 186th day and the Fed holds rates at 3.65%. The market is repricing Warsh's appointment as a reason to sell inflation hedges and buy duration. That only makes sense if you believe normalised shipping lanes matter less than Treasury Secretary personnel.