Markets

Gold slides to $4,400 as rate-hike odds firm ahead of next week's Fed decision - KITCO

Source: KITCO

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DW NOTE

Gold is down 16.7% from its January high while the Strait of Hormuz sits mined shut and 1.3 billion barrels of oil supply have been lost. The Fed is pricing in a rate hike to fight inflation that exists because energy can't move. They're tightening into a supply shock, which means the recession arrives before the 2% target does.

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Oil Nears $100 as U.S. Destroys Five Iranian Tankers

Oil prices continued to climb towards the $100 mark in early Asian trading on Wednesday after the U.S. destroyed five more Iranian crude tankers and Iran targeted U.S. forces in Jordan. These attacks are just the latest phase of a major escalation that began over the weekend when U.S. forces hit thr

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World Bank warns Zimbabwe against rushing ZiG mono-currency - news.pindula.co.zw

‘The bull trend will resume’ and ‘you want to scale into a long position’ as gold price nears $4,000 pre-FOMC – Goldman Sachs’ Kim - KITCO

US attacks 5 Iranian oil tankers, Tehran retaliates with strikes on Jordan - Al Jazeera

Oil Nears $100 as U.S. Destroys Five Iranian Tankers