Latest gold price update today
Atualizado
Gold hit its lowest level in 5 months on Thursday as higher US bond yields and a strong dollar dealt a severe blow to speculative buyers of the yellow metal.
Minutes from the Fed's July meeting revealed on Wednesday that most policy makers supported higher interest rates to curb inflation.
The prospect of higher US interest rates does not bode well for gold, as it increases the opportunity cost of holding non-yielding assets. This sentiment has weighed heavily on gold since 2022 and is expected to continue until the Fed decides to start cutting rates.
Minutes from the Fed's July meeting revealed on Wednesday that most policy makers supported higher interest rates to curb inflation.
The prospect of higher US interest rates does not bode well for gold, as it increases the opportunity cost of holding non-yielding assets. This sentiment has weighed heavily on gold since 2022 and is expected to continue until the Fed decides to start cutting rates.
Nota
The CME FedWatch tool shows that investors are betting on a 37% chance of another rate hike in 2023 and a 58% chance that the Fed will leave rates unchanged for the rest of 2023.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.