Gold, silver extend rebound as oil, yields ease after Fed hike - Kitco AM Report - KITCO
Gold, silver extend rebound as oil, yields ease after Fed hike - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
The Fed hiked into a 6% oil supply shock. Gold is off 17% from January highs and silver is rebounding because real rates at 1.6% — with actual inflation nowhere near the BLS print — are finally pricing some of the deficit. A 25bp increase doesn't offset $1.9 trillion in borrowing or a closed Hormuz. It just makes the eventual pivot more violent.