Gold steadies near $4,590 as claims dip, Fed hike risk stays live - Kitco AM Report - KITCO

Gold steadies near $4,590 as claims dip, Fed hike risk stays live - Kitco AM Report - KITCO

Source: KITCO

DW NOTE

The Fed is on hold at 3.65%, not hiking — the "hike risk" in the headline is fiction. Gold is down 12.3% from its January high of $5,318 and has been falling for seven months. Initial claims data changes nothing about that trajectory.

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