Gold price nears $4,500 as jobs data, Waller ease yield pressure - Kitco AM Report - KITCO
Gold price nears $4,500 as jobs data, Waller ease yield pressure - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
Gold at $4,539 isn't a flight to safety — it's acknowledgment that central banks spent the credibility they needed for this moment. The Fed holds rates at 3.65% while oil supply sits 8 mb/d below normal and PPI runs at 5.51%. That's not monetary policy, that's watching the gap between official inflation and reality widen while hoping jobs data gives you cover to do nothing.