:A rather crucial data point will be released at midnight tonight—the New York Fed’s 1-year inflation expectation for November. Last time, it was 3.24%. This number might seem insignificant, but it has a considerable impact on gold’s trajectory, and consequently, on assets like silver and crude oil as well.
Looking at two possible directions:
If the inflation expectation data jumps, the market will think the Fed has to keep up high interest rates. U.S. Treasury yields and the dollar index will most likely be pushed higher. For a non-yielding asset like gold, higher holding costs could trigger a
Looking at two possible directions:
If the inflation expectation data jumps, the market will think the Fed has to keep up high interest rates. U.S. Treasury yields and the dollar index will most likely be pushed higher. For a non-yielding asset like gold, higher holding costs could trigger a
BTC-1.82%
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