![How Internal Marketing Helps You Build a Strong Brand From the Inside Out [Experts Weigh In]](https://www.hubspot.com/hubfs/internal-marketing-1-20241126-7031360.webp)
![12 Benefits of Content Marketing [+ Examples]](https://www.hubspot.com/hubfs/Untitled%20design%20-%202024-11-25T181840.691.jpg)
Gold extends shallow recovery on Fed rate-cut bets
The post Gold extends shallow recovery on Fed rate-cut bets appeared on BitcoinEthereumNews.com. Gold continues to snake higher on Thursday as markets price in higher probabilities of the Fed cutting interest rates in December. A softening of Trump’s rhetoric on tariffs is a possible factor in the falling interest rate expectations. XAU/USD is technically crawling up a major trendline but remains vulnerable to further breakdowns. Gold (XAU/USD) extends its shallow recovery from Tuesday’s lows as it trades in the $2,640s on Thursday. The yellow metal is seeing gains on the back of cementing market bets that the Federal Reserve (Fed) will go ahead and cut US interest rates at its December meeting. Lower interest rates are positive for Gold as they reduce the opportunity cost of holding the non-interest-paying asset, making it more attractive to investors. Gold’s gains may be limited, however, by receding geopolitical risks after Israel and Hezbollah agreed on a 60-day ceasefire deal on Tuesday, although sceptics say it will remain unsustainable without an end to hostilities in Gaza, according to Bloomberg News. Gold recovers as markets see greater chance of Fed cutting before Christmas Gold is seeing a shallow recovery on Thursday as the probabilities edge up of the Fed making a 25 basis point (bps) cut to US interest rates before Christmas. The market-based probability of such a decision has risen to 70% on Thursday from previously oscillating between 55% and 66%, according to the CME FedWatch tool. This leaves a 30% chance the Fed will leave interest rates unchanged. Benchmark US Treasury bond yields are edging lower amid softening rhetoric around trade tariffs, and this could be behind the move in both Gold and US yields. President-elect Donald Trump’s threat to place 25% tariffs on imports from Mexico and Canada had increased US inflation expectations and, with them, higher interest rates. However, recently Trump softened his tone. …
The post Gold extends shallow recovery on Fed rate-cut bets appeared on BitcoinEthereumNews.com.
Gold continues to snake higher on Thursday as markets price in higher probabilities of the Fed cutting interest rates in December. A softening of Trump’s rhetoric on tariffs is a possible factor in the falling interest rate expectations. XAU/USD is technically crawling up a major trendline but remains vulnerable to further breakdowns. Gold (XAU/USD) extends its shallow recovery from Tuesday’s lows as it trades in the $2,640s on Thursday. The yellow metal is seeing gains on the back of cementing market bets that the Federal Reserve (Fed) will go ahead and cut US interest rates at its December meeting. Lower interest rates are positive for Gold as they reduce the opportunity cost of holding the non-interest-paying asset, making it more attractive to investors. Gold’s gains may be limited, however, by receding geopolitical risks after Israel and Hezbollah agreed on a 60-day ceasefire deal on Tuesday, although sceptics say it will remain unsustainable without an end to hostilities in Gaza, according to Bloomberg News. Gold recovers as markets see greater chance of Fed cutting before Christmas Gold is seeing a shallow recovery on Thursday as the probabilities edge up of the Fed making a 25 basis point (bps) cut to US interest rates before Christmas. The market-based probability of such a decision has risen to 70% on Thursday from previously oscillating between 55% and 66%, according to the CME FedWatch tool. This leaves a 30% chance the Fed will leave interest rates unchanged. Benchmark US Treasury bond yields are edging lower amid softening rhetoric around trade tariffs, and this could be behind the move in both Gold and US yields. President-elect Donald Trump’s threat to place 25% tariffs on imports from Mexico and Canada had increased US inflation expectations and, with them, higher interest rates. However, recently Trump softened his tone. …
What's Your Reaction?
