Gold, silver fall as higher crude oil prices revive rate-hike concerns - Business Standard
Gold, silver fall as higher crude oil prices revive rate-hike concerns - Business Standard
Source: Business Standard
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DW NOTE
The Strait of Hormuz has been closed for two days, crude is up 78% year-over-year, and the Fed hiked last month with even odds of another raise at the October meeting. If higher oil prices are only now "reviving" rate-hike concerns, someone wasn't paying attention in September when core CPI came in at 2.6% and the FOMC actually pulled the trigger.