Gold rebounds towards 10-week high as markets brace for U.S. CPI data - cnbc.com
Gold rebounds towards 10-week high as markets brace for U.S. CPI data - cnbc.com
Source: cnbc.com
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DW NOTE
Gold is pricing in two contradictory bets: that CPI will run hot enough to justify haven buying, and that the Fed will tighten anyway. One of those bets is wrong. The 10-year at 4.65% suggests the bond market has already chosen which.