Gold rises as softer PCE cools October Fed hike odds - Kitco AM Report - Kitco
Source: Kitco
―
DW NOTE
Gold fell 21.5% from its January peak to $4,177 as the Fed's September rate hike pushed 10-year yields to 5.24%. The Hormuz closure is six months old, oil is down 20% from its high, and gold is selling off into a tightening cycle. Markets have stopped pricing the supply shock and started pricing the policy response.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu