Gold, silver prices tumble as hot PPI lifts Fed-hike risk - Kitco AM Report - KITCO
Gold, silver prices tumble as hot PPI lifts Fed-hike risk - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
PPI comes in hot, the Fed might hike again, and gold sells off — as if the relevant variable right now is the terminal rate and not the fact that the Strait of Hormuz is still effectively closed and oil inventories fell 3.9 million barrels per day last quarter. Markets price monetary policy like it's 2019. It isn't.