Gold edges higher as markets weigh Fed path
Gold rises in early Asian trade after slipping following the Fed’s first hike in over three years. Markets largely priced in the move, limiting the impact, with rate expectations now focused on how many more hikes may follow.
Gold traded modestly higher in early Asian trade after easing following the Fed’s first rate hike in more than three years. Higher rates typically pressure non-yielding assets such as gold, although markets had already largely priced in the move, muting the initial reaction. Markets are also watching expectations for how many more rate hikes lie ahead.