After Powell’s Decision, The Outlook For Gold Remains Bearish

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The FOMC’s interest rate hike by 75 basis points to fight inflation became a fact. What do the Fed’s hawkish actions and plans mean for the gold market? Another Squeeze, Don’t PanicQ1 2022 hedge fund letters, conferences and more However, with the PMs (and most assets) rallying during Chairman Jerome Powell’s press conference, I warned earlier in the day that a short squeeze could materialize. For context, it wasn’t a prediction. I simply noted that extremely bearish positioning could lead to a reversion. I wrote: With the recent carnage across the financial markets rattling the bulls, sentime…

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