Gold rebounds after Fed rate rise as banks back long-term demand outlook - South China Morning Post
Gold rebounds after Fed rate rise as banks back long-term demand outlook - South China Morning Post
Source: South China Morning Post
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DW NOTE
The Fed is raising rates into a supply shock that has already cut global oil output by 6% and closed the world's most critical energy chokepoint for seven months. Gold is down 17.5% from its January high — not because fundamentals improved, but because real rates have climbed 22.7% in a year. Banks calling this a buying opportunity are correct, but not for the reasons they'll say in the brochure.