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The Fed Hiked. Gold Fell. Now The Real Test Begins.

The Fed Hiked. Gold Fell. Now The Real Test Begins.

Jan Skoyles takes us through Chair Kevin Warsh’s unanimous hike, the Fed dot plot signalling rates above 4% into 2028, PCE inflation at 3.7% with no return to 2% until 2029, the near 3-point gap with the White House 1% target, Treasury yields near 5%, and oil above $100. She maps three paths for bullion: […]
The Gold That Changed Its Passport

The Gold That Changed Its Passport

In March 1921, officials at the United States Treasury faced an unusual problem. Gold arriving from Europe appeared suitable for purchase by the American mint. It was easy enough to test both its weight and purity, and therefore establish its value. But they didn’t want it.  The Treasury didn’t want it because the gold was […]
Russia Sent 100 Tonnes of Gold East. Is This How Dedollarisation Really Begins?

Russia Sent 100 Tonnes of Gold East. Is This How Dedollarisation Really Begins?

At the time of writing, gold is trading around $4,362 an ounce, down roughly 0.9% today, while silver has fallen more sharply to about $64.92, a decline of 3.3%. The immediate trigger was yet another uncomfortable US inflation report, in the form of August’s PPI. Producer prices rose 0.4% in August and 5.4% over the […]
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