Gold rebounds from two-week low as geopolitical risk lifts haven demand
Gold futures rebound from a two-week low amid escalating Middle East geopolitical tensions and rising Treasury yields. Markets price a September FOMC 25 bps hike at 64% versus 36.6% a week prior after Jackson Hole hawkish comments.
Gold futures rebound from a two-week low amid escalating geopolitical tensions in the Middle East and rising Treasury yields.
Market expectations for a 25 bps rate hike at the September FOMC meeting have surged to 64%, up from 36.6% a week prior, following hawkish comments from Federal Reserve officials at Jackson Hole.
Silver and Platinum futures also bounce higher as the precious metals complex stabilizes, while Copper futures trade higher despite a stalled rally as inflation expectations weigh on the industrial demand outlook.