Gold Tops $4,100 on Dovish Fed Repricing, Commerzbank Says
Gold surged past $4,100 after the Fed meeting as traders pared rate hike bets, but futures still point to further tightening amid sticky inflation, Commerzbank notes.
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Gold briefly climbed above $4,100 following the latest Federal Reserve meeting, as markets scaled back expectations for additional rate hikes, according to Commerzbank analyst Carsten Fritsch.
The rally reflected a shift in sentiment after the Fed’s decision, though futures markets continued to price in further tightening. Persistent inflation remained a key factor keeping those hawkish bets alive.
Source: FXStreet Forex News