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Commodities

Gold Futures (DEC6) Price Drops Amid Rising Rate-Hike Odds

Guavy AI Editorial Team
Instruments
Gold
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The price of Gold Futures (DEC6) fell by 1.32% to $4350.7 on September 14th, 04:43 ET.

This decline comes after a recent rally in US equities and gold, despite rising rate-hike odds.

Moomoo Insights notes that investors have fully priced in one rate hike, making it the base case scenario for the upcoming FOMC meeting this week.

If the Fed maintains its interest rate, equities and gold are expected to gain. However, if the Fed hikes aggressively with 50bps or hikes 25bps and gives hawkish remarks, US equities and gold may suffer.

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