Gold slips as oil prices advance, Fed rate-hike voices grow - Reuters
Source: Reuters
―
DW NOTE
Gold fell as oil jumped 15% on Hormuz supply fears and Fed hawks made noise about rate hikes — despite the Fed holding at 3.65% for a month and core inflation sitting at 2.6%. Gold is down 24% from its January peak of $5,318; the rate-hike chatter is theater.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
The World’s Biggest Wealth Fund Has $215 Billion In US Treasurys. It Wants To Cut Back. - International Business Times
Atiku Abubakar Sounds Alarm as Nigerian Exchange Records N266 Billion Foreign Capital Flight - streamlinefeed.co.ke