Mmastodon BusinessMarkets first seen 18 h ago, last 11 h ago, peak #1
Gold Rises as Inflation Data Cools Rate-Hike Expectations
Original: Gold Rises as Softer-Than-Expected Inflation Data Tempers Rate-Hike Bets https://www.wsj.com/finance/commodities-futures
Gold prices moved higher after new US inflation data came in softer than economists expected, easing expectations that the Federal Reserve will raise interest rates further. Lower anticipated rates reduce the appeal of holding bonds and cash relative to gold, which pays no yield. Investors are watching subsequent inflation readings and Fed commentary closely for confirmation of the shift in monetary policy expectations.
Why now: Fresh inflation figures shifted market expectations for Federal Reserve interest-rate policy, moving gold and other assets.
goldFederal ReserveUS inflation data
Evidence
- Gold Rises as Softer-Than-Expected Inflation Data Tempers Rate-Hike Bets https://www.wsj.com/finance/commodities-futures/gold-rises-as-softer-than-expected-inflation-data-tempers-rate-hike-bets-adcd6783?mod=rss_markets_main # Finance # Markets # Economy · wsj_markets@robot.villas · 4
API: https://socialmediatrends-api.osmike.com/v1/trends/1057010