Gold gains momentum to around $4,470 during the early Asian session on Friday as Fed hike bets ease after Waller.
Gold gains momentum to around $4,470 during the early Asian session on Friday. That is the Friday Asian session stamp. A separate Asian Friday editor pick puts the metal below $4,500.
A separate Thursday stamp had gold at about $4,487, up more than 2% on the day, after Waller. That is the prior session. It is not Friday’s open.
The Friday page says Fed hike bets eased after Waller said he expects “reasonable” inflation readings and is inclined to support a hold if August inflation shows progress. CME FedWatch there reprints a 50.2% chance of a September quarter-point hike, down from 63.2% before his speech. Warsh’s hawkish Jackson Hole lean weighed earlier in the week. Soft September odds pull real yields and the dollar; gold finds a bid.
August jobs have not printed. They are due later Friday. A hot labour print that lifts hike odds again is the near-term falsifier for the Waller-led rebound.
The post-print gold tumble toward $4,380 is a separate URL — this note stays the Asian HOLD only.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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