Gold rises on softer dollar, fading Fed hike expectations - KITCO

Source: KITCO

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DW NOTE

Gold is down 16.6% from its January peak while the Strait of Hormuz remains effectively closed and headline CPI sits at 3.53%. If a monetary metal can't hold gains with oil chokepoints shut and inflation running fifty basis points above target, the rally wasn't about fundamentals—it was about positioning that's since unwound.

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