Gold Falls 1.4% — Signals Fed Rate Hike and Equity Volatility
Gold slides 1.4% after Fed Governor Waller warns war‑driven energy shock could fuel inflation, hinting at a near‑term rate hike that rattles equities.
All Cowlpane coverage tagged gold price, sourced from global financial publications and updated continuously.
Gold slides 1.4% after Fed Governor Waller warns war‑driven energy shock could fuel inflation, hinting at a near‑term rate hike that rattles equities.
USDCHF broke its weekly low and slipped below the 100‑day moving average, opening a window for short positions as the greenback stays firm.
Australia’s April jobless rate hit 4.5%, the steepest rise in 2½ years, pushing the AUD toward a 0.7100 low against the USD.
Gold hovered at $4,478 as the dollar surged to a six‑week high of 99.45, forcing investors to reassess safe‑haven exposure.
The DXY hovered at 99.43, forcing traders to rethink equity, commodity and FX exposures as the dollar roars higher.
Philadelphia Fed chief Anna Paulson warned that a rebound in GDP could trigger another rate hike, forcing investors to rethink equities, bonds and the dollar.
The 10‑year Treasury rose to 4.62%, pushing tech stocks lower and tightening credit for high‑growth names.
Canada's April consumer price index fell to 2.8% YoY, below expectations, while building permits jumped 10.3%. The data nudged the Canadian dollar and fed into broader moves in gold, silver and the Australian dollar.
Gold fell after an Asian session rally to $4,590, as stalled US‑Iran negotiations and bets on a Federal Reserve rate hike boosted the US dollar.
Gold prices climbed on Tuesday after President Trump called off a planned attack on Iran, while the dollar steadied and silver fell.
Japan’s finance minister warns of potential yen volatility while pledging no US Treasury sales. The USD strengthens, gold falls, and markets brace for RBA rate hike and Middle East fallout.