The gold and silver trade is focused on declining US rates and is discounting a higher high move in the dollar this morning.
Apparently, traders/investors are generally content to hold gold through upcoming Fed policy guidance headlines and despite a widely held belief that the Fed will ultimately hike rates one more time.
In a minimal bearish development, the CME Fed watch tool placed the odds of a US pause next month slightly lower than earlier in the week at 86.5%...[MORE]
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