Back to News
Market Impact: 0.35
Gold Ticks Higher Amid Decline In Crude Oil Prices, Increasing Fed Rate Hike Bets
Source: Nasdaq
InflationMonetary PolicyInterest Rates & YieldsCommodities & Raw MaterialsGeopolitics & War
Gold prices were nearly flat Friday as inflation data reinforced investor expectations for another U.S. Federal Reserve interest-rate hike. Higher-rate expectations are a headwind for non-yielding gold, while reports of a forthcoming Iran-Gulf Cooperation Council meeting introduced a geopolitical factor into commodity-market positioning.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
neutral
Sentiment Score
-0.05
More News
- Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
- US Inflation Rising Faster Than Expected: Evening Briefing Americas
- Saudi Arabia says East-West pipeline hit by drones launched from Iraq
- The Houthis have created a new front in the Middle East oil war that’s pushing up prices
- A Fed hike next week seems certain after the latest inflation data. Here's what's ahead
- Core CPI Hikes Ahead of FOMC Meeting