Gold retreats on stronger dollar; traders brace for Fed - Kitco
Source: Kitco
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DW NOTE
Gold has fallen 24% from its January peak of $5,318 to $4,032 while the Strait of Hormuz remains effectively closed and Israel fights Hezbollah in Lebanon. If investors think a slightly stronger dollar explains a precious metals collapse in the middle of two shooting wars and a blocked oil chokepoint, they've confused correlation with causation.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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