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Trump's policy triggers new inflation concerns, with a 35% probability that the Federal Reserve will not cut interest rates at its December meeting

Trump's policy triggers new inflation concerns, with a 35% probability that the Federal Reserve will not cut interest rates at its December meeting

Bitget2024/11/19 14:19

ChainCatcher reports that gold futures prices have risen, boosted by a slide in US Treasury yields. This precious metal has partially rebounded from a round of heavy selling after the US presidential election, rising 3.9% from its lowest point last Thursday.

SP Angel analysts pointed out in a report that gold, silver, platinum and palladium all rose during Monday's trading session, likely reflecting a weakening dollar trade. Market focus is now shifting to the upcoming Federal Reserve meeting in December. Given President-elect Trump's protectionist policies have sparked new inflation concerns, the market expects there is a 35% chance of no rate cut at this meeting. SP Angel stated that maintaining interest rates unchanged would be unfavorable for gold as higher rates usually weaken the appeal of non-interest-bearing gold.

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