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Gold, silver, copper: A dovish Fed hold be just the ticket for bulls
Bond yields are moving lower ahead of today’s FOMC meeting, on bets that the Feed will deliver a dovish hold. Markets have priced with an 85.8% probability that the Fed will cut rates by 25bp in September. That is all well and good, but the Fed are yet to signal any such move. But f they do so today, it could weigh further on bond yields as investors load up with more bonds (which move inversely to yields), suppress the US dollar and give metals markets another boost. And they could do with one looking at recent price action with copper down over 20% since its YTD high set in May, and silver’s -14% decline in ... (full story)
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- Posted: Jul 31, 2024 1:03am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 259
