Gold price tanks as Powell is about to ‘overtighten’, cause ‘panic in U.S. equities’ – Phil Streible

The Fed is about to overtighten with an average of nine 25-basis point equivalent hikes this year, said Phil Streible, chief market strategist of Blue Line Futures.

Streible told David Lin, anchor for Kitco News, that gold will likely trade sideways in the medium term.

#gold #Fed #economy
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