Gold Holds Steady Ahead of FOMC as Rate Hike Probability Climbs to 37.9% - KITCO
Source: KITCO
―
DW NOTE
The Fed funds rate hasn't moved since last year — it's still 3.65% — yet markets now price a 37.9% chance of a hike. That's not data-driven policy anticipation, that's traders watching oil climb 26% in a month and guessing the Fed will panic into tightening against a supply shock it cannot solve.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
The World’s Biggest Wealth Fund Has $215 Billion In US Treasurys. It Wants To Cut Back. - International Business Times
Atiku Abubakar Sounds Alarm as Nigerian Exchange Records N266 Billion Foreign Capital Flight - streamlinefeed.co.ke