Gold pushes toward $4,200 as soft ADP cools Fed-hike bets - Kitco AM Report - KITCO
Gold pushes toward $4,200 as soft ADP cools Fed-hike bets - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
The ADP print matters less than what's driving gold's 19% drawdown from $5,318 in January — the Hormuz reopening and Fed-hike bets never materialised with rates already held at 3.5%-3.75%. Producer prices at 5.51% and a normalising yield curve say inflation isn't cooling; it's embedding.