Mmastodon BusinessMarkets first seen 13 h ago, last 2 h ago, peak #3
Gold Falls to Seven-Week Low as Rate-Hike Bets Rise
Original: Gold Falls to Seven-Week Low as Rate-Hike Bets Rise https://www.wsj.com/finance/commodities-futures/gold-falls-to-seven-
Gold prices dropped to their lowest level in seven weeks as markets increasingly bet that central banks will raise interest rates further. Higher rates typically weigh on gold, which pays no yield, prompting investors to shift toward interest-bearing assets. Traders are watching upcoming economic data and central bank signals for clues on the pace of further tightening and what it means for bullion's outlook.
Why now: Rising expectations of interest rate hikes are moving gold prices sharply lower, drawing attention from investors and markets watchers.
GoldWall Street JournalFederal Reserve
Evidence
- Gold Falls to Seven-Week Low as Rate-Hike Bets Rise https://www.wsj.com/finance/commodities-futures/gold-falls-to-seven-week-low-as-rate-hike-bets-rise-45658349?mod=rss_markets_main # Finance # Markets # Economy · wsj_markets@robot.villas · 4
API: https://socialmediatrends-api.osmike.com/v1/trends/233921