🔵 Here are the most notable developments occurring in the markets
🔷 Gold under pressure… and the Federal Reserve increases concerns
🔹 The strength of the dollar is weighing on the yellow metal and limiting attempts at recovery.
🔹 The markets are pricing in a roughly 88% chance of a rate hike in December.
🔹 Susan Collins is leaving the door open to an additional rate increase if energy and inflation risks persist.
🔸 Gold is currently stuck between geopolitical risks that support it, and a strong dollar and high interest rates that weigh on it.
⬅️ The markets are awaiting today’s release of U.S. employment-rate change data, along with a speech by Williams, a member of the U.S. Federal Reserve Committee.
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✅ Follow us
$BCH $SOL $XAUT
🔷 Gold under pressure… and the Federal Reserve increases concerns
🔹 The strength of the dollar is weighing on the yellow metal and limiting attempts at recovery.
🔹 The markets are pricing in a roughly 88% chance of a rate hike in December.
🔹 Susan Collins is leaving the door open to an additional rate increase if energy and inflation risks persist.
🔸 Gold is currently stuck between geopolitical risks that support it, and a strong dollar and high interest rates that weigh on it.
⬅️ The markets are awaiting today’s release of U.S. employment-rate change data, along with a speech by Williams, a member of the U.S. Federal Reserve Committee.
━━━━━━━━━━━━━━
✅ Follow us
$BCH $SOL $XAUT
