Trump's policies have triggered new inflation concerns, and the probability of the Federal Reserve not cutting interest rates at its December meeting is expected to be 35%.

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ODAILY
3 days ago
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Odaily Odaily News: Gold futures prices rose, boosted by falling U.S. Treasury yields. The precious metal has partially rebounded from a round of sharp sell-offs after the U.S. presidential election, rising 3.9% from its lowest point last Thursday. SP Angel analysts pointed out in a report that gold, silver, platinum and palladium all rose during Monday's trading session, which is likely to reflect the weakening of the U.S. dollar. The market focus now turns to the Federal Reserve's upcoming meeting in December. Given that President-elect Trump's protectionist policies have raised new inflation concerns, the market expects a 35% chance of no interest rate cut at this meeting. SP Angel said that the Fed's keeping interest rates unchanged is a negative factor for gold, because higher interest rates generally weaken the attractiveness of non-interest-bearing gold. (Jinshi)

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