Gold rebounds above $4,000 as lower oil prices ease Fed tightening concerns - Kitco AM Report - Kitco
Gold rebounds above $4,000 as lower oil prices ease Fed tightening concerns - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
The Strait of Hormuz has been effectively closed for eight days, oil inventories are falling at 1.9 million barrels per day, and world supply is down 6% this year. If that backdrop produced "lower oil prices" sufficient to ease Fed concerns, the word you're looking for is capitulation.