Gold rises on weaker dollar; traders weigh Middle East pause, Fed outlook - Investing.com
Gold rises on weaker dollar; traders weigh Middle East pause, Fed outlook - Investing.com
Source: Investing.com
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DW NOTE
Gold is down 23.5% from its January peak of $5,318 and traders are pricing in exactly nothing. Oil is up 27% in a month to $89, the 10-year yield sits at 4.71%, and PPI is running at 5.51% — but the story is a weaker dollar and vague gestures toward the Fed. The metal isn't rising on haven demand; it's bouncing inside a six-month rout.