Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report - Kitco
Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
Gold and silver are down as crude climbs above $116 on a sixth day of Hormuz closure. That's the market telling you it believes the blockade is temporary, the Fed will hold at 3.75%-4.00%, and real rates at 1.73% are high enough to break the inflation trade. If investors thought this was 1973, gold wouldn't be off 25% from its January high.