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" Today's markets analysis on behalf of Tony Sage, CEO of Critical Metals '
(MENAFN- Your Mind Media ) Gold was under some pressure on Monday as a firmer dollar weighed on the non-yielding bullion. A surge in oil prices amid tensions in the Middle East continued to fuel inflation concerns and reinforced expectations that the U.S. Federal Reserve could raise interest rates at its policy meeting this week, pressuring the yellow metal.
Investors continue to price in last wee’’s inflation reports ahead of Wednes’ay’s Fed meeting. Last’week’s data pushed September hike odds towards 87%. U.S., European, and Japanese yields remain elevated, keeping the opportunity cost of holding gold higher. The possibility of more interest rate hikes by major central banks, amid higher oil prices and geopolitical developments, could further support yields and keep gold under strain.
Looking ahead, the Fed decision is the main event. A hawkish signal at the press conference could lift yields further and pull gold down. Any soft messaging from the Fed may ease tightening bets and help gold recover. Investors will also keep a close eye on oil prices and developments in the Middle East as they remain near-term risks.
Appreciate your cooperation in publishing the analysis.
For any inquiry or more information please do not hesitate to contact us.
Regards
Investors continue to price in last wee’’s inflation reports ahead of Wednes’ay’s Fed meeting. Last’week’s data pushed September hike odds towards 87%. U.S., European, and Japanese yields remain elevated, keeping the opportunity cost of holding gold higher. The possibility of more interest rate hikes by major central banks, amid higher oil prices and geopolitical developments, could further support yields and keep gold under strain.
Looking ahead, the Fed decision is the main event. A hawkish signal at the press conference could lift yields further and pull gold down. Any soft messaging from the Fed may ease tightening bets and help gold recover. Investors will also keep a close eye on oil prices and developments in the Middle East as they remain near-term risks.
Appreciate your cooperation in publishing the analysis.
For any inquiry or more information please do not hesitate to contact us.
Regards
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