Gold, silver prices tumble as hot PPI, oil shock lift yields - Kitco PM Report - kitco.com
Gold, silver prices tumble as hot PPI, oil shock lift yields - Kitco PM Report - kitco.com
Source: kitco.com
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DW NOTE
Hot PPI plus an oil spike is textbook stagflation pressure — the kind that makes central banks choose between inflation credibility and growth. Gold and silver sold off because traders are pricing a Fed that stays tighter for longer, not because the economic backdrop improved. It didn't. Real rates matter more to gold than headlines, and right now the curve is telling you the Fed won't cut until something breaks.