Gold Rises as October Fed Rate Hike Bets Fade
Summary
STRATO shares a market update as weaker U.S. jobs data leads traders to scale back expectations for an October Fed rate hike, while gold moves higher. The community can follow the macro outlook and predict whether gold will be at or above $4,143 by tomorrow at 0:00 CEST on STRATO Odds.
JUST IN: Gold moves higher as markets sharply scale back expectations for an October Fed rate hike.
Weaker U.S. jobs data pushed rate hike expectations lower, while precious metals moved higher as investors adjusted to a softer policy outlook.
Gold is once again trading at the center of the macro conversation, where interest rates, inflation expectations and safe-haven demand continue to shape price action.
Now live on STRATO Odds:
Will gold be at or above $4,143.00 by tomorrow at 0:00 CEST?
https://t.co/SKhBKbbqvE
Posted on X
