Markets

Gold slips as Fed chief Warsh's Jackson Hole speech looms - Reuters

Source: Reuters

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DW NOTE

Kevin Warsh ran the Fed's markets desk during the 2008 crisis and voted against QE2 in 2010. If he's speaking at Jackson Hole as Fed chair, markets are pricing the first genuinely hawkish succession since Volcker. Gold has dropped 12.3% since January despite oil choking through Hormuz and the deficit running 3% higher than last year — that's positioning, not fundamentals.

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Gold slips as Fed chief Warsh's Jackson Hole speech looms - Reuters

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