Precious metals getting absolutely wrecked. $1T+ wiped from gold/silver combined.
$GOLD down 2.8% breaking below $4,100
$SILVER cratering 5.8% to 11-month lows
The culprit? Oil ripping higher → inflation fears spiking → Fed pivot dreams dead.
Market's pricing in higher-for-longer rates. When bonds yield 5%+, why hold non-yielding metals?
Classic risk-off rotation. If you're not positioned for a hawkish Fed, you're about to feel pain.
Watch next week's FOMC. If Powell stays tough, metals could bleed further.
$GOLD down 2.8% breaking below $4,100
$SILVER cratering 5.8% to 11-month lows
The culprit? Oil ripping higher → inflation fears spiking → Fed pivot dreams dead.
Market's pricing in higher-for-longer rates. When bonds yield 5%+, why hold non-yielding metals?
Classic risk-off rotation. If you're not positioned for a hawkish Fed, you're about to feel pain.
Watch next week's FOMC. If Powell stays tough, metals could bleed further.