Gold rises as Warsh remarks temper Fed hike bets, futures top $4,200 - Investing.com
Gold rises as Warsh remarks temper Fed hike bets, futures top $4,200 - Investing.com
Source: Investing.com
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DW NOTE
Kevin Warsh floated as next Fed chair, markets interpret dovish intent, gold rallies. The same gold that's down 21% from its January high and half as volatile as silver this year. If Warsh actually turns dovish while core CPI prints above forecast and PPI runs at 5.4%, he won't be tempering rate hikes — he'll be abandoning the mandate.