Gold price holds $4,300 support as CPI lifts Fed-hike odds - Kitco PM Report - KITCO
Gold price holds $4,300 support as CPI lifts Fed-hike odds - Kitco PM Report - KITCO
Source: KITCO
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DW NOTE
Gold fell 17% from its January peak and traders are somehow parsing CPI prints for Fed-hike clues. The Strait of Hormuz has been effectively closed for two months, oil inventories are draining at 3 million barrels per day, and the market is pricing gold as if the risk is tighter monetary policy rather than supply collapse.