Gold, silver diverge as Fed-pause expectations collide with rising crude prices - Kitco PM Report - Kitco
Gold, silver diverge as Fed-pause expectations collide with rising crude prices - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
Gold falls as real rates rise; silver falls twice as fast because it never was an inflation hedge. The split isn't the Fed colliding with crude — it's the market pricing terminal dollar strength into a supply shock the central bank can't fix. When oil doubles and silver halves in the same year, you're watching industrial demand collapse faster than monetary debasement can offset it.