🚨 🇺🇸 GOLD PLUNGES 1.6% TO $4,071 AS FED FLOATS BIGGER DECEMBER HIKE solana:GoLDppdjB1vDTPSGxyMJFqdnj134yH6Prg9eqsGDiw6A fell near $4,071 after Fed Governor Christopher Waller backed a 25-basis-point December hike and raised the prospect of 50 points if October inflation stays hot. The pressure is coming from bonds. Higher yields make interest-free gold less attractive, while a firmer dollar raises its cost for overseas buyers. Today's CPI now carries extra weight. For $XAUUSD, watch core inflation. A hot print strengthens rate-hike bets and puts $4,000 in focus. Softer data eases yield pressure and opens the door to a rebound.
Naeem AslamShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.