Gold slides below $4,400 as Fed hike bets and Mideast jitters revive USD demand. Chart stamps C4,431.42 / H4,440.74 (+0.43%).
Gold slides below the $4,400 mark as Fed rate-hike bets and Mideast jitters revive USD demand. A separate bullet cites an intraday uptick to the $4,443 area. A daily-chart stamp shows C4,431.42 / H4,440.74 (+18.90 / +0.43%). Hormuz is not reopened.
Hawkish Fed expectations and geopolitical uncertainty helped the safe-haven USD recover, undermining bullion, with traders increasing bets on a Fed hike later this month. Iran threatened retaliation and Tehran was preparing a full blockade around the Strait of Hormuz. Distinct from Tuesday Asia’s gold near $4,425.55, WTI above $92, and weekend US–Iran tanker strikes.
Also see: NY Fed SCE: Unemployment Expectations Hit Highest Since April 2020; 3y Inflation Edges to 3.2%.
Also see: Gold Bounces Off One-Week Low Near $4,340 on Soft USD; Upside Capped Ahead of US Inflation.
Also see: Gold Reclaims $4,400 Into Europe on Soft USD; Upside Still Capped Ahead of ECB and US Inflation.
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Silver slides near $64.35 (−4.39%), below $65, as hot PPI lifts Fed hike bets. FedWatch ~70% this stamp, up from about 61% pre-data. DXY ~98.90; 10y ~4.92%.
Gold near $4,368 (−0.75%) as hot PPI keeps Fed hike odds elevated. FedWatch ~64% next-week hike vs Reuters economists’ pause through year-end — both quoted, not averaged. DXY ~98.96; 10y ~4.92%.
Gold slides near $4,346 after an intraday high of $4,434 as hot PPI lifts the dollar, yields and Fed hike pricing. FedWatch ~64% next-week hike vs Reuters economists’ pause through year-end — both quoted, not averaged.