Gold steadies as GDP, PCE keep Fed-rate risk alive - Kitco AM Report - KITCO
Gold steadies as GDP, PCE keep Fed-rate risk alive - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
Gold trades at $4,163 after a 21.7% drawdown from its January peak, which means the Fed-rate risk the headline cites has already hammered it. The market isn't waiting to see if GDP or PCE might keep rates higher — it priced that months ago when gold lost a fifth of its value.