Why Gold Isn’t Falling Despite a Hawkish Fed
The Federal Reserve delivered a notably hawkish message this week. Logically, that should push gold sharply lower. Instead, gold is down less than 1% and silver is roughly unchanged. The market that’s supposed to dread a September rate hike appears unconvinced one is imminent. Gold is trading near $4,440 per ounce, slightly below Friday’s close, … Read more