Gold, silver soften as markets price in December Fed hike risk - Kitco PM Report - Kitco
Gold, silver soften as markets price in December Fed hike risk - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
The Fed is pricing a December hike while the Strait of Hormuz is in its eighth day of closure and oil flows are down 12 million barrels per day. Gold has fallen 21% from its January high, which means the market believes central banks can tighten into a supply shock without breaking anything important.