Gold selloff sparked by Fed certainty, not Warsh selection, silver is ‘always a death trap’ – StoneX’s O’Connell

Kitco02-02

(Kitco News) – Friday’s dramatic metals selloff – the largest liquidity event in market history – was catalyzed by sudden clarity about the future of the Federal Reserve, according to Rhona O’Connell,...

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Back in November, she said that questions surrounding the Fed’s independence could create the next $500 move higher in gold.“We have been talking about the potential threat to central bank independence for some months now. The separation of powers between the Executive, the Legislature and the Judiciary is a key cornerstone to the US Constitution,” O’Connell said. “This latest development is not directly an issue, but Jay Powell has made it plain that he sees it as such, rendering this to be about more than just the risk of the central bank falling under undue influence from the Executive. It remains a key tailwind for gold, although the price is already carrying a substantial risk premium.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608895528","isCrawlerRequest":true}