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Gold, silver sink as Warsh revives September Fed-hike trade - Kitco PM Report - KITCO

Source: KITCO

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DW NOTE

Kevin Warsh floats a September hike and precious metals drop while the Strait of Hormuz sits closed for two months and 2,000 ships remain stranded in a mined Gulf. Gold is down 14.9% from its January high despite a supply shock that's already cut global oil output by 4.3 million barrels per day. The market no longer prices anything but the next Fed dot.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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Gold, silver sink as Warsh revives September Fed-hike trade - Kitco PM Report - KITCO

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