Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates - Reuters

Source: Reuters

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DW NOTE

The Fed raised rates once—by 25 basis points—and gold has fallen 21.6% from its January high of $5,318. That's not a market reappraising monetary policy, that's a market that stopped pricing in systemic rupture the moment the Hormuz closure became routine background noise instead of an acute crisis.

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