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Gold, silver rally as Fed’s Waller cuts September hike odds - Kitco PM Report - KITCO

Source: KITCO

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DW NOTE

Waller's comments matter less than the oil bid. Gold is rallying because WTI is up 9.5% this week and the Strait is still blocked on day 188 — not because a single Fed governor softened on September. When energy inflation is running at +5.51% PPI, rate expectations are downstream of geopolitics.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Gold, silver rally as Fed’s Waller cuts September hike odds - Kitco PM Report - KITCO

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