Gold weekly outlook: All eyes on FOMC and Warsh - FOREX.com
Gold weekly outlook: All eyes on FOMC and Warsh - FOREX.com
Source: FOREX.com
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DW NOTE
The Fed meets Tuesday with gold 18% off its January peak and oil up 20% in a month. Markets are pricing a rate hike the consensus still calls impossible. This is what happens when monetary policy tries to thread a supply shock it cannot solve: the metal that usually runs toward chaos is now falling as traders bet the Fed will tighten into a Hormuz closure that has already cut global oil supply by 6%.