Rate-hike bets keep gold on track for worst week in four months
Bullish strength: 20/100
- Softer-than-forecast PPI reduced expectations of a 50-basis-point December rate hike from 13.8% to 8.6%.
- Spot gold recovered 0.1% on Friday.
Bearish strength: 80/100
- Gold has fallen approximately 4.5% this week.
- Thursday's 3% selloff pushed gold to a more-than-one-year low.
- Markets still price a 91.4% probability of a December rate hike.
- Hawkish Fed expectations and elevated inflation concerns continue weighing on bullion.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.