Press Enter to search · ESC to close

Macro

Gold Heads for Worst Weekly Drop Since June as Fed Rate-Hike Bets Rise

Gold is set for its worst weekly performance since early June, falling 4.6% this week after touching a 13-month low in the prior session, as traders bet that persistent energy-driven inflation will push the Federal Reserve to tighten policy further. The metal edged higher on Friday but remains on course for its steepest weekly decline since June.

Original source

AI take

The move is less about gold's own fundamentals than about the rate path being repriced around energy-driven inflation. A metal that touched a 13-month low and then posted its steepest weekly fall since June signals that the inflation-hedge case is being overridden by the opportunity cost of tighter policy. The read-across matters for crypto and other non-yielding stores of value, which face the same headwind. Whether energy prices keep feeding Fed expectations — and whether gold stabilizes once that repricing settles — is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback