Gold, silver slide as dollar rallies and Fed hike bets firm - Kitco AM Report - kitco.com

Gold, silver slide as dollar rallies and Fed hike bets firm - Kitco AM Report - kitco.com

Source: kitco.com

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DW NOTE

The Fed raised rates last week while oil inventories are draining at 3 million barrels per day and the Strait of Hormuz has been closed for seven months. Gold and silver are falling because traders believe the dollar's 4% yield is shelter. They're pricing the Fed's credibility higher than the Fed's balance sheet.

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