Gold slips as hawkish Fed outlook, oil prices pressure bullion - Investing.com
Gold slips as hawkish Fed outlook, oil prices pressure bullion - Investing.com
Source: Investing.com
―
DW NOTE
The Strait of Hormuz has been effectively shut for a month, 2,000 ships are stranded in the Gulf, and oil is down 4.2% this week. If that backdrop produces a "hawkish Fed" trade rather than a flight to safety, the gold market is pricing monetary theatre over supply collapse.