Gold Sinks To 7-Week Low As Treasury Yields, Fed Hike Bets Rise — Hansen Warns Bullion’s ‘Resilience’ Faces Its ‘Toughest Test Yet’ - Yahoo Finance
Gold Sinks To 7-Week Low As Treasury Yields, Fed Hike Bets Rise — Hansen Warns Bullion’s ‘Resilience’ Faces Its ‘Toughest Test Yet’ - Yahoo Finance
Source: Yahoo Finance
―
DW NOTE
Gold fell 21.6% from its January high to $4,171 despite a war with Iran, a closed Strait of Hormuz, and a federal deficit running at $1.9 trillion. The asset class spent two decades marketed as the hedge against exactly this configuration of risks. Turns out it was a hedge against low real rates, and the Fed just raised them.