Gold futures rebound as rate expectations shift.
Gold futures rebounded after testing two-month lows, finding support as shifting Fed expectations weighed on the market. October rate probabilities now point to unchanged policy following softer employment data, while expectations for a December hike remain near 70%. In energy markets, WTI Crude Oil futures extended their recent slide, falling 18% from mid-September highs as robust Middle East shipping data continues to ease broader inflation concerns.
Gold futures rebounded after testing two-month lows, finding support as shifting Fed expectations weighed on the market. October rate probabilities now point to unchanged policy following softer employment data, while expectations for a December hike remain near 70%. In energy markets, WTI Crude Oil futures extended their recent slide, falling 18% from mid-September highs as robust Middle East shipping data continues to ease broader inflation concerns.