They Slam Gold on Fed Day On Purpose — The Rate Hike Story Is a Distraction Fed hiking rates doesn’t really crush gold like they tell you. Gold don’t pay interest, so yeah, higher rates should make it look dumb next to a T-bill. But that’s only half the story. If inflation is running hot at the same time, the “real” rate, what you actually keep after prices eat your money, barely moves. Sometimes it even goes the other way. That’s why gold and rates both ripped in the 70s, and why gold still went crazy even while the Fed was jacking rates in 2022. The big drops you see right before, during, and after Powell/Warsh talks? That’s not Grandma selling her jewelry. That’s paper gold on the COMEX getting dumped, futures, huge leverage, stop-loss hunting. Bullion banks have already been caught doing this. JPMorgan paid almost a billion bucks for spoofing gold and silver for years. So when gold gets smashed $50–$70 in ten minutes around a Fed speech, don’t act shocked. They lean on the tape, scare the weak hands out, then the physical buyers show up on the cheap. Watch inflation and real rates, not the headline hike. And don’t let a slam on Fed day talk you out of the metal. Now you know.