Stocks Sink, 10-Year Yield Reclaims 5% as Warsh Delivers His Hawkish Show
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
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GLD slips 22% from its peak as Goldman Sachs cuts its gold price target. Explore the tactical bear case and the structural bull case.
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The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
The FOMC hiked interest by 25 basis points to 3.75%-4.00% during its September meeting, marking the first increase since 2023.
Gary Black said a 25-basis-point Fed hike, if positioned as 'one-and-done' could push yields lower and be better for stocks.
Gold averaged a 6.1% gain in the 12 months after the first Fed hike, but was positive just 40% of the time after one month.
Morningstar's Preston Caldwell warns $4,400 gold is a trap for inflation fearmongers. Discover why he says investors should buy TIPS instead.
Ex-Goldman chief Jeff Currie warns Scott Bessent’s Treasury buybacks are "financial repression," creating the ultimate buy signal for gold.