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macroJun 9, 2026, 7:44 AM

Gold Weakens After Hawkish Fed Repricing – OCBC

Gold has fallen below its 200-day moving average as the market reprices a more hawkish Federal Reserve, according to OCBC. Oil-led inflation concerns are also weighing on the metal.

XAUUSD

OCBC FX Strategist Sim Moh Siong notes that gold has come under pressure after breaking below its 200-day moving average.

The move is attributed to a repricing of a more hawkish Federal Reserve stance, along with oil-led inflation concerns that continue to dampen demand for the safe-haven metal.

Source: FXStreet Forex News