Gold, silver drop as hotter CPI revives Fed-rate pressure - Kitco AM Report - Kitco
Gold, silver drop as hotter CPI revives Fed-rate pressure - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
Gold fell $87 to $4,174 after CPI printed hot — a 21.5% drawdown from the January high of $5,318. Silver is off 48.4% from its peak at $59.33. The 10-year yield climbed to 5.24%, up 26.57% year-over-year. Hard assets are being repriced for a world where the Fed tightens into a supply shock while the Strait of Hormuz stays closed and the deficit runs at $1.8 trillion.