Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats On Rate-Hike Worries - FXEmpire
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats On Rate-Hike Worries - FXEmpire
Source: FXEmpire
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DW NOTE
Gold is retreating on rate-hike odds that have climbed to 60% in a week, but it's up 3% over the past month — which tells you the Hormuz closure and Lebanon war are still in the price. Down 16% from January's $5,318 high means the real rate move is winning, but $4,477 is hardly a rout when the 10-year is at 4.77% and the strait has been shut twice in six months.