Gold, silver prices whipsaw as core CPI keeps Fed hike in play - Kitco AM Report - KITCO
Gold, silver prices whipsaw as core CPI keeps Fed hike in play - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
The Fed held rates at 3.65% in July. Core CPI came in at 2.59% in June — below the headline — which makes a hike implausible without inventing a new justification. Gold fell 0.6% this week while oil rallied 9% as the Strait of Hormuz enters its second month of closure. The only whipsaw here is in the headline writer's understanding of monetary policy.