Commodities Analysis by Matthew Weller covering: Gold Spot US Dollar, Gold Futures. Read Matthew Weller's latest article on Investing.com
After a hotter-than-expected PPI report and strong jobless claims this morning, the door is cracked open to a Fed pause in December.
Gold’s now testing its 100-day MA and the 14-day RSI is at its lowest level in a year, hinting at a near-term bounce. Perhaps more to the point, Fed officials have started to hint at the potential for a pause in the nascent rate-cutting cycle. Just this week, Minneapolis Fed President Neel Kashkari alluded to the potential for a higher “neutral interest rate,” implying that there may be less need to keep cutting interest rates from here.
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