Recession and Stagflation Real Risks, Warrant Rate Hikes
b"Recession and stagflation are real risks right now, and the interest rate rises are definitely warranted, says Kevin Rich. He says historically gold (/GC) trades down ahead of rate rises, but once rate rises kick in, gold holds strong. The Fed is talking a tough game, and that's what is called for, he adds. He is watching for more concrete trends in the VIX, and U.S dollar (/DX) strength and treasury yields. He says investors will be worried crude oil (/CL) supplies will tighten if the EU bans Russian oil."