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Gold logs its worst quarter in 13 years as Fed holds hawkish line; Kenya's food bill bites back

A 16% quarterly wipeout has reset the gold trade and exposed the cost of misreading a still-hawkish Fed. In Nairobi, food and fuel are doing what the dollar did elsewhere — squeezing households first.

A 16% quarterly wipeout has reset the gold trade and exposed the cost of misreading a still-hawkish Fed.
A 16% quarterly wipeout has reset the gold trade and exposed the cost of misreading a still-hawkish Fed. TechCabal / Photography

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