"clear."
After hanging up the phone, William picked up his coffee and took a sip.
His assistant would be very surprised if he saw what was happening.
Even William, who is usually so composed, was trembling uncontrollably as he held the coffee cup.
At two o'clock in the morning, William's phone rang.
"George, what's the matter?"
“William, we’re in big trouble. Ten minutes ago, the Federal Reserve announced a 50-basis-point rate hike, and over the next year, they will raise rates at varying rates depending on the economic situation in the United States, until inflation ends.”
Upon hearing this, William was completely stunned, then flew into a rage, saying, "Didn't you say that European and American governments wouldn't introduce any policies that would be detrimental to gold prices in the near future?"
George smiled wryly, "The Federal Reserve did an excellent job of keeping this secret; the government probably doesn't even know about it, not even the president."
William immediately swore, yelling, "Bastard! Bastard!"
George asked, "What should we do now?"
William cried out, “How should I know what to do?”
They held gold at $952, using a 20-fold financial leverage.
They will be liquidated if the price of gold falls to $880.
If they could know in advance about the Fed's interest rate hike, they could take advantage of the time difference and sell all their nearly $200 billion worth of deals at a low price, and might even make a lot of money.
But now the Federal Reserve has tricked them. The whole world knows they are going to raise interest rates and gold prices are going to fall. At this critical juncture, everyone will only short and not go long.
We lost!
I have lost completely this time!
William plopped down on the sofa, looking utterly dejected.
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