Gold Lingers Near Three-Month Low Ahead of Fed Policy Meeting
Spot gold traded around $4,000 an ounce as investors weighed a roughly 10% chance of a Federal Reserve rate hike this week.
- On Monday, gold traded near $4,000 an ounce as investors awaited the Federal Reserve's policy decision on Wednesday, with markets expecting the central bank to hold rates at 3.75%–4.00%.
- Expectations regarding the Federal Reserve's interest rate path shifted over the past month, as traders weighed stubbornly high energy prices alongside robust US business activity.
- CME's FedWatch Tool shows a 75% expectation for a December hike, while Polymarket traders price a 76.5% probability of an increase before the end of 2026.
- Brent crude remains well above $100 a barrel, and the dollar held firm against major peers, supported by expectations that resilient US growth may require elevated rates.
- US third-quarter GDP forecasts of 3.2% and core inflation data printing Thursday will shape the Federal Reserve's December calculus as policymakers assess further tightening.
12 Articles
12 Articles
Gold prices have stabilized near an ounce of $4,000 in today's Monday dealings, after the largest weekly loss since last June, amid investors' expectation of the repercussions of rising energy prices and the US Federal Reserve's monetary policy decision.
The Economic Times
Times of IndiaGold lingers near three-month low ahead of Fed policy meeting
Gold prices dipped close to a three-month low, reflecting worries from investors as the Federal Reserve meeting approaches. While an interest rate hike appears more likely for December, this weeks chances remain low. In the oil market, prices fell back after a prior rise, amid ongoing supply worries linked to conflicts.
Gold prices rise to $4,013.9 as investors weigh inflation, Fed outlook
Gold prices rose on Monday, recovering above the $4,000-an-ounce level after falling more than 4 percent last week, as investors assessed the inflationary impact of elevated energy prices ahead of the Federal Reserve’s policy meeting this week. As of 5:23 GMT, spot gold rose 0.46 percent to $4,013.90 an ounce, after trading largely flat earlier […]
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