FOMC — FXPAYBACK

Will the Fed Hike Again? What the FOMC Minutes Mean for Gold

Yes, the Fed is leaning toward another hike. Minutes of the September 15–16 meeting, released October 7, show most officials think one more rate increase will likely be needed by year end. That pushed the dollar up and gold briefly below $4,100, a two-month low, because higher rates make non-yielding gold less attractive.

Strait of Hormuz reopening outlook for oil and gold prices

Will the Strait of Hormuz Reopen? What Iran’s Stance Means for Oil and Gold

Leave a Comment / Blog, Market News / Hamid Ul Hassan

Not yet. On October 4, Iran said the Strait of Hormuz stays closed until the US accepts its seven conditions based on the Islamabad memorandum, while Washington is still pushing nuclear terms first. With no deal, Brent stays near $102, US yields stay high, and gold stays stuck around $4,150–4,200.

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