US federal funds futures extended gains, with the December 2027 contract up 9 basis points, as markets lowered expectations for the peak interest rate.
Jin1010/15, 08:54 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Gold
Pushes up
DaysMedium confidence
Lower rate expectations reduce the opportunity cost of holding non-yielding gold
What could change this
Stronger-than-expected inflation or labor data could revive peak rate expectations and reverse this move.
Related assets
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