Gold prices could rally a little on a Fed hike, but a lot on a hold, with $5,000/oz back on the table – Jesse Columbo - KITCO
Gold prices could rally a little on a Fed hike, but a lot on a hold, with $5,000/oz back on the table – Jesse Columbo - KITCO
Source: KITCO
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DW NOTE
Columbo's $5,000 target requires either the Fed to blink or inflation to accelerate — both increasingly plausible. Gold has fallen 18.5% from its January high of $5,318 to $4,336 even as Hormuz stays closed and oil climbs 26% in a month. If the Fed holds tomorrow and signals no further hikes despite inflation above target, that gap closes violently.