The Federal Reserve’s credibility is intact kitconews gold silver finance mining economics investing metals
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So far this month, gold prices have fallen more than $100, dropping nearly 6% and are looking to test critical long-term support below $1,700. There is a lot of frustration in the gold market and it is understandable. The Federal Reserve's stance on inflation is driving real yields higher even as consumer prices rise to a 40-year high. We can see the Fed's impact on markets; breakeven rates, the difference between nominal yields and real yields, have seen their sharpest decline in two years.
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