Gold, silver rise as dollar weakness offsets oil-driven rate risk - Kitco PM Report - KITCO
Gold, silver rise as dollar weakness offsets oil-driven rate risk - Kitco PM Report - KITCO
Source: KITCO
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DW NOTE
The dollar's weakness matters less than oil at $95. With the Strait of Hormuz still closed and Brent above $100, the Fed is staring at imported inflation whether it wants to hike or not. Gold rallying on currency moves is noise; the real pressure is that energy disruption makes tightening politically toxic and loosening economically suicidal.