Expectations of a US Federal Reserve interest rate hike next week • Al Marsad Newspaper

Al-Marsad Newspaper – Agencies: Most gold investors expect the US Federal Reserve to raise interest rates by 50 basis points at its last meeting in 2022, which is scheduled for December 13-14.

Gold prices fell on Thursday, with the dollar recovering slightly, while market participants await further guidance from the Federal Reserve meeting (the US central bank) next week regarding raising interest rates.

Market participants are also awaiting the November CPI report due on December 13th.

“If the result (the Fed’s meeting) is in line with expectations, the market will be relieved that it is not worse than expected,” said Ilya Spivak of Tasty Trade.

“The dollar may decline and that will boost gold a bit,” he added.