Gold Steady as Warsh Comments Cool Rate-Hike Bets
Gold held its recent gains after Fed Chair Kevin Warsh's remarks in Sintra eased market expectations of a near-term rate hike. Bullion rose as much as 0.9%, trading around $4,066/oz.
Warsh has kept traders guessing on the Fed's next move, avoiding a clear signal on July policy while still flagging inflation as "too high." That mix of caution and vagueness has been enough to take some hawkish pressure off gold in the short term.
Worth watching: markets are still pricing meaningful odds of a rate hike later this year, so this relief may be temporary. Keep an eye on upcoming jobs and inflation data — that's likely to move gold more than Fed commentary alone.
Not financial advice — DYOR.
$XPD $XAG $XAU
Gold held its recent gains after Fed Chair Kevin Warsh's remarks in Sintra eased market expectations of a near-term rate hike. Bullion rose as much as 0.9%, trading around $4,066/oz.
Warsh has kept traders guessing on the Fed's next move, avoiding a clear signal on July policy while still flagging inflation as "too high." That mix of caution and vagueness has been enough to take some hawkish pressure off gold in the short term.
Worth watching: markets are still pricing meaningful odds of a rate hike later this year, so this relief may be temporary. Keep an eye on upcoming jobs and inflation data — that's likely to move gold more than Fed commentary alone.
Not financial advice — DYOR.
$XPD $XAG $XAU