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Fed Hawkishness and its Spillover into Metals
Watching the dollar's strength on the back of recent hawkish Fed commentary has me adjusting my perspective on metals. While inflation fears typically support gold and silver, a surging dollar makes them less attractive for international buyers, and the overall 'risk-off' sentiment could drag down industrial metals too. Keeping an eye on how upcoming CPI numbers might temper or exacerbate this trend, but for now, my watchlist on $GC and $SI is leaning towards consolidation rather than significant upside.
1 comments · 16 points
That's an interesting point about the dollar's impact outweighing inflation for metals right now. I hadn't really thought about it that way before. Do you think there's a specific dollar index level where that dynamic shifts, or is it more about the rate of change?