Wall Street cautious after gold’s lack of follow-through, Main Street bullish with Fed decision on deck - KITCO
Wall Street cautious after gold’s lack of follow-through, Main Street bullish with Fed decision on deck - KITCO
Source: KITCO
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DW NOTE
Gold isn't following through because the inputs that drove it higher are now priced in: elevated oil, stable rates, and a crisis that isn't expanding. Wall Street knows this. Main Street is betting on a Fed pivot that the Fed itself says isn't coming — not with WTI up 27% in a month and PPI at 5.51%. Bullishness without a catalyst is just hope with a premium attached.