Gold, silver retreat as dollar strength caps post-Fed rebound - Kitco AM Report - kitco.com
Gold, silver retreat as dollar strength caps post-Fed rebound - Kitco AM Report - kitco.com
Source: kitco.com
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DW NOTE
Gold is down 22% from its January peak and the Kitco headline treats this as a story about dollar strength capping a rebound. The metal has lost $1,155 per ounce in seven months while producer price inflation runs at 5.5% — precisely the environment where gold is supposed to hold value. Instead it's collapsing in real terms while the narrative focuses on short-term FX moves.