Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise - FXStreet
Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise - FXStreet
Source: FXStreet
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DW NOTE
Gold falls on Fed tightening expectations while the Strait of Hormuz sits closed for the 195th day and WTI holds above $100. The market is pricing monetary policy theatrics while ignoring a 4% contraction in global oil supply. This is asset allocation by committee — everyone watching the same curve, no one watching the choke point that moves 21% of the world's petroleum.