Daily digest market movers Gold prices fluctuate at around $2,620
Gold prices recovered as US real yields rose eight basis points to 2.014%.
The US Dollar Index climbs over 0.16%, up at 107.00.
The CME FedWatch Tool suggests that investors see a 59% chance of a 25-basis-point rate cut at the US central bank’s December meeting, up from 52% a day ago.
The Conference Board’s Consumer Confidence for November expanded by 111.7, up from 109.6, exceeding estimates of 111.3
Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 22 bps of Fed easing by the end of 2024.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.