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Gold falls below $4,100 as the monetary headwind reasserts
Gold has fallen below $4,100 an ounce to a seven-month low; the move is monetary, not geopolitical. A hawkish Federal Reserve and an interim US-Iran agreement have pulled the rate-cut hope and the war premium out of the metal in the same week. The Fed held rates at its June meeting but made clear it is not done; nine of nineteen policymakers projected at least one further increase this year, and futures now price a December hike near 90%. The dollar index has pushed back above 100 on the repricing, and the real-rate path has turned against a non-yielding asset. That is the dominant leg. The geopolitical leg has ... (full story)
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From @realDonaldTrump|2 hr 57 min ago|26 comments
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- Jun 24, 6:30am | 3 hr ago Posted byFundamental Analysis94
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