Gold, silver rise as softer data cuts Fed-hike odds - Kitco AM Report - KITCO
Gold, silver rise as softer data cuts Fed-hike odds - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
Gold is 16.6% off its January high while the Strait of Hormuz sits effectively closed and PPI runs at 5.51%. The idea that softer data cuts Fed-hike odds misses the point: the Fed isn't hiking because it can't afford to service $35 trillion in debt at restrictive rates, not because the data justify ease.