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RING - What The Postponed Fed Pivot Means For Gold
iShares MSCI Global Gold Miners ETF
2024-02-06 23:10:00 ET
Summary
Gold, along with just about every other investment sector, continues to sell off in the wake of last week’s Fed meeting.
Gold has lost about $30 since the Fed meeting, and even posted a nice gain last Thursday.
Over the last few months, gold has risen and fallen along with investor expectations that the Fed pivot would begin in March.
By Brien Lundin
As we predicted, Jerome Powell threw a bucket of cold water on gold and the rest of the markets, and we’re now experiencing sell-offs as expectations reset....