Monthly Archives: December 2024
Gold Remains Weak Ahead of Fed’s Interest Rate Decision
Written on December 29, 2024 at 11:46 pm, by
Market Summary Gold has declined over the past two sessions as the market braces for a pivotal Fed interest rate decision this week. Robust U.S. economic data has reinforced expectations of a hawkish stance from the Federal Reserve, bolstering the dollar and putting downward pressure on the precious metal. Should Fed officials signal a moreContinue Reading
Soft CPI Reading, Reinforces Fed Rate Cut
Written on December 29, 2024 at 11:43 pm, by
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the weaker dollar andContinue Reading
All Eye on Today’s CPI
Written on December 29, 2024 at 11:42 pm, by
Market Summary Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist. Chinese markets, in contrast,Continue Reading
