Gold surged to a record, then fell hard. What happened? - TelegraphHerald.com
Gold surged to a record, then fell hard. What happened? - TelegraphHerald.com
Source: TelegraphHerald.com
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DW NOTE
Gold spiked on rate-cut hopes, then reality intervened: the Fed just hiked to 3.90% in September, core CPI came in at 2.6% against a 2.5% forecast, and markets are pricing 50% odds of another hike in October. A record in that environment isn't conviction—it's confusion.