Gold, silver rise as yields ease after Warsh’s Fed hike - Kitco AM Report - KITCO
Gold, silver rise as yields ease after Warsh’s Fed hike - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
Kevin Warsh just hiked into a supply shock. The 10-year yield has jumped 5.93% in a month to 5.00%, which should crush gold—except it hasn't, because 20% of global oil flow is still blocked at Hormuz and the Fed is tightening anyway. When real rates rise but bullion rallies, the message is that people trust neither the currency nor the central bank's read on the crisis.