The Federal Reserve left interest rates unchanged again this week, as expected. But behind the familiar script lies growing discord: two Fed officials broke ranks to call for cuts, and political pressure on Chair Powell continues to mount.
Markets reacted briefly, with gold prices dipping. But this response misreads what gold represents today.
In our latest video, we explore why gold is not tethered to interest-rate cycles. The supposed inverse correlation has broken down. Instead, gold’s appeal is rooted in its independence from politics, from central bank error, and from the mounting risks in a system strained by debt and dysfunction.
With U.S. debt now over $36 trillion and growth slowing, central banks themselves are turning to physical bullion and not for yield, but for protection.
Gold is not a speculative asset. It is a sovereign one. And in an era of monetary theatre and eroding trust, that distinction matters.
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