Gold rebounds after soft CPI as yields, dollar retreat - Kitco PM Report - KITCO

Source: KITCO

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DW NOTE

The CPI came in soft enough to weaken the dollar and Treasury yields, so gold bounced. But gold remains down 24% from its January peak of $5,318 while official inflation runs at 4.3% and the federal deficit heads for $2 trillion. Real rates are negative, the Strait of Hormuz is blocked again, and gold is still in a drawdown. That's not a market pricing risk.

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