Gold Price Outlook: Fed Minutes and STRATO Odds
Summary
STRATO covers gold’s decline as a stronger dollar and elevated Treasury yields weigh on prices ahead of the Fed’s September minutes. The announcement also highlights China’s 23-month gold-buying streak, an LBMA outlook near $5,013, and a live STRATO Odds market on whether gold will reach $4,165 by tomorrow at 0:00 CEST.
JUST IN: Gold slips as markets wait for the Fed’s September minutes.
A stronger dollar and elevated Treasury yields are putting pressure on gold today, while traders look to the Fed minutes for more clarity on the path for interest rates.
At the same time, structural demand remains strong. China’s central bank extended its gold-buying streak to 23 consecutive months, while LBMA delegates see gold reaching around $5,013 within the next year.
Now live on STRATO Odds: Will gold be at or above $4,165.00 by tomorrow at 0:00 CEST?
https://t.co/p1yYz6P0FQ
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