Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets - Bloomberg.com
Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
The Fed expects another rate increase in 2026 even as gold has fallen 21.5% from its January high. That's the monetary position: tighten into a commodity collapse driven by geopolitical uncertainty while the deficit hits $2 trillion and the yield curve normalizes only because long rates have spiked 8.75% in a month. Gold isn't steady — it's down a fifth from peak in nine months while the central bank pretends it still has an inflation problem.