Gold rises as investors digest Fed hike, oil rally stalls - Reuters
Gold rises as investors digest Fed hike, oil rally stalls - Reuters
Source: Reuters
―
DW NOTE
The Fed is hiking into a supply shock that has already cut global oil production by 6%. Gold is down 17.5% from January's high — not because risk is falling, but because real rates are rising faster than geopolitical premium. A rate hike now is monetary tightening for its own sake, unrelated to any policy goal the Fed has articulated.