GOLD BREAKS BELOW $4,500 as Fed Chair Warsh says price stability is the “main focus.”
Core PCE is at 3.7%, while the six-month rate is 4.1% - both above the Fed’s 2% target.
The inflation fight started in 2021.
Five years of rate hikes, QT and hawkish talk later, inflation still hasn’t reached 2%.
Gold is still caught between inflation, interest rates and trust in the Fed.
#GOLD #XAU
Core PCE is at 3.7%, while the six-month rate is 4.1% - both above the Fed’s 2% target.
The inflation fight started in 2021.
Five years of rate hikes, QT and hawkish talk later, inflation still hasn’t reached 2%.
Gold is still caught between inflation, interest rates and trust in the Fed.
#GOLD #XAU
