Gold Slips as Firm Dollar Weighs; Focus Turns to Fed Meeting
Spot gold fell 0.7% as traders awaited a Federal Reserve decision, while rate-cut odds held at 62%, CME FedWatch data showed.
- Gold prices fell 0.7% as the dollar held near a one-month high, pressuring bullion ahead of the Federal Reserve's policy meeting conclusion on Wednesday.
- Expectations that the Fed will hold interest rates steady stand at 62%, while 38% of market participants expect a hike, according to CME FedWatch—up from 16% one week earlier.
- Broader precious metal markets followed gold lower, with Spot silver falling 1.9%, platinum losing 1%, and palladium sliding 1.6% on Tuesday.
- President Donald Trump called on the Fed to lower interest rates on Monday, while stating the United States is having "good talks" with Iran on resolving their conflict.
- Ilya Spivak, head of global macro at Tastylive, noted that if the Fed avoids hike groundwork, gold could rally above $4,200, though markets price an 81% chance for a September hike.
24 Articles
24 Articles
Future gold contracts closed this Tuesday in a fall, with investors waiting for the Federal Reserve (Fed) decision tomorrow. The asset showed little sensitivity to the fall in Treasury or dollar income abroad and remains traded in a relatively narrow band, since the relief in oil prices in recent days was not translated into a dissolution of the bets for a more restrictive monetary policy. In Comex, the metal division of the New York Mercantile …
Gold, silver prices today: Comex gold and silver slide as stronger dollar, Fed uncertainty weigh
Gold and silver prices faced selling pressure as investors awaited the US Federal Reserve's policy meeting. A stronger US dollar and rising interest rate expectations impacted precious metals, while geopolitical tensions eased, creating a complex market environment for investors.
Gold slips as firm dollar weighs, focus turns to Fed meeting
Gold prices fell on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve's upcoming policy decision for clues on the interest rate outlook.Spot gold fell 0.7% to $4,045.89 per ounce by 0448 GMT after rising as much as 1% on Monday. U.S. gold futures for August delivery lost 0.8% to $4,046.20.The dollar held near a one-month high, making greenback-priced bullion more expensive for holders of other currencies."We'r…
The New York Ledger
FXStreetGold extends losses as geopolitics lift USD before FOMC decision
Gold (XAU/USD) attracts some follow-through selling after the previous day’s failure to find acceptance above $4,100, weakening below the $4,050 level during the Asian session on Tuesday. The downside potential, however, seems limited as the US Dollar (USD) bulls pause ahead of the crucial two-day FOMC policy meeting. Investors will look for cues about the US Federal Reserve’s (Fed) future policy path, which will play a key role in driving the U…
Business Recorder
Gold slips as firm dollar weighs; focus turns to Fed meeting
Gold prices edged lower on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve’s upcoming policy decision for clues on the interest rate outlook. Spot gold fell 0.5% to $4,056.03 per ounce by 0110 GMT. US gold futures for August delivery lost 0.5% to $4,056.70. President Donald Trump said on Monday the United States was having “good talks” with Iran and there was a chance of a deal over their conflict, but war…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
