Gold Drops Below $4,000 as Fed Rate Hike Bets Surge

The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT,” but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately. Thank you for your attention to this matter! President DONALD J. TRUMP

The U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target, Federal Reserve Governor Christopher Waller said on Monday, in remarks that characterized monetary policy as being at a "crossroads." Waller told the New York Association for Business Economics that he'll be leaning ...

Gold ​prices fell for a second straight session on Monday as renewed hostilities in the Middle East added to inflationary concerns and bolstered expectations that the U.S. Federal Reserve will keep interest rates higher for longer. Spot gold slid 1.4% to $4,061.64 per ounce by 1100 ​GMT, while U.S. gold futures for August delivery were down 1.1% to ...