Gold, silver rise as weak payrolls cut Fed-hike odds - Kitco AM Report - Kitco
Gold, silver rise as weak payrolls cut Fed-hike odds - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
The Fed hiked 25 basis points in September — its first hike of the cycle — and now one soft payroll print has traders pricing cuts again. Gold is down 21.6% from its January high of $5,318, silver down 47.4%. If weak employment data is enough to reverse policy after a single hike, the hiking cycle was never credible.