Gold retreats as hawkish Fed comments reinforce policy tightening bets - Kitco
Gold retreats as hawkish Fed comments reinforce policy tightening bets - Kitco
Source: Kitco
―
DW NOTE
The Fed raised rates into an economy already losing 3 million barrels of oil inventory per day and running a $1.9 trillion deficit. Gold isn't retreating because policy is credible — it's retreating because the market still pretends 3.75% can contain 5.44% producer inflation with the Strait of Hormuz closed for seven months.