Rate Hike Odds Just Hit 85%. Gold Is Up. Here’s Why.

Rate hike odds just hit 85%. Gold is up anyway. Most headlines won’t explain why — because the answer requires flipping the standard model upside down. The number that actually drives gold isn’t the fed funds rate. It’s the real yield. Here’s the mechanism.
Gold Price Today: What to Watch Before the April 29 FOMC

Gold is trading near $4,707 on April 23 as the final pre-FOMC data window closes. Jobless claims came in at 214,000, the dollar is at one-week highs, and Powell’s last meeting as Fed chair is six days away. Here’s what to watch before April 29.
