Bob Iaccino discusses the recent price action in Gold futures as the December contract experiences a two-day drop. Iaccino breaks down the recent Federal Reserve decision to hold rates steady, noting the two dissenting votes and the CME FedWatch Tool indicating an 80% probability of a December rate hike. He also analyzes the latest U.S. economic data, including Q3 GDP growth of 3.4% and jobless claims falling to 194,000, and explains how these stronger-than-expected metrics, along with rising headline inflation, keep pressure on the metals market.
FOLLOW THE MARKETS
Most Recent

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.