Orchestrated hit ?... or ....https://www.mining.com/gold-price-falls-below-1800-as-powells-renomination-fuels-more-rate-hike-bets/
Or passing on the Brainard (iac?)?
Hard to know (maybe one was the excuse for the other)
For me
(1) it's hard to believe that someone could be more dovish than Jerome.
(2) they are all, no matter who is elected Chairman, caught between a rock and a hard place.
(3) even if they raise a 1/2 pt or two, next year, it won't overcome negative real rates with inflation soaring.
But OK , back to waiting for the inevitable.
But I need the day of reckoning to hurry up please. With rising oil prices, and the PoG dropping, margins for the miners are going to start to get squeezed a bit more. Instead of piles of cash it'll be just reams.
MM