Gold dips amid rising US yields ahead of next week’s FOMC meeting

December 13, 2024

Gold declines but holds to weekly gains as mixed US economic data keeps rate cut expectations alive. Market braces for the Federal Reserve’s decision on December 18, with a 93% likelihood of a 25 bps cut anticipated. Upcoming US economic data and Fed Chair Powell’s commentary will be critical for future market direction.

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Global supply chain stress up, oil rising, service costs rising, CRB Index at all-time highs, consumer inflation expectations up, natural gas up, and RINF inflation expectations at all time high.

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Giorgia Meloni: “Elon Musk is not a danger to democracy, George Soros is.” People like UK Prime Minister Keir Starmer are merely upset because Elon points out how deranged his policies are.

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Gold dips amid rising US yields ahead of next week’s FOMC meeting

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Global supply chain stress up, oil rising, service costs rising, CRB Index at all-time highs, consumer inflation expectations up, natural gas up, and RINF inflation expectations at all time high.

Giorgia Meloni: “Elon Musk is not a danger to democracy, George Soros is.” People like UK Prime Minister Keir Starmer are merely upset because Elon points out how deranged his policies are.