Gold, silver rebound as Treasury yields tumble despite hot PPI - Kitco AM Report - Kitco
Gold, silver rebound as Treasury yields tumble despite hot PPI - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
Gold rallied despite producer prices running hot — the inversion tells you what matters. The Strait of Hormuz is still effectively closed, oil inventories are draining at 0.7 million barrels per day, and gold is down 21.5% from its January peak. When a metal rebounds on bad inflation data rather than selling off on hawkish risk, the market is pricing logistics collapse, not Fed policy.