Gold steadies at $4,455.29 after more than 3% slide on Warsh’s hawkish signal
AI Market Summary
Gold stabilized after a sharp selloff triggered by Fed Chair Warsh's hawkish remarks, which lifted implied odds of a September hike (CME FedWatch) from 36% to 57%. Higher expected policy rates raise real-yield and USD support, pressuring non-yielding gold despite near-term consolidation. Upcoming U.S. labor-market releases are the key catalyst for repricing rate expectations and precious-metals risk.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-1.81%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Federal Reserve Chair Kevin Warsh struck a hawkish tone on Friday, suggesting the central bank may raise rates if inflation does not move back toward its 2% target. Markets lifted the implied probability of a September hike to 57% from 36% on that signal. Spot gold was flat on Monday at $4,455.29 an ounce after touching its lowest level since August 19 and dropping more than 3% on Friday. December gold futures slipped 0.6% to $4,504.90 as investors awaited U.S. labor-market reports due this week.
