Gold, silver slammed as hawkish Fed repricing reignites dollar upside - FOREX.com

Gold, silver slammed as hawkish Fed repricing reignites dollar upside - FOREX.com

Source: FOREX.com

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DW NOTE

The Fed hiked into a supply shock that has drained 3 million barrels per day from global inventories for two consecutive quarters. Producer prices are running at 5.44% while the Strait of Hormuz remains closed after seven months. Raising rates now doesn't address shipments stuck in the Persian Gulf — it just makes the debt service on a $1.9 trillion deficit more expensive.

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