{"id":232342,"date":"2024-01-19T16:10:43","date_gmt":"2024-01-19T10:40:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=232342"},"modified":"2024-01-19T16:10:43","modified_gmt":"2024-01-19T10:40:43","slug":"gold-and-silver-on-the-backfoot-as-long-as-correction-in-rate-cut-expectations-continues-commerzbank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gold-and-silver-on-the-backfoot-as-long-as-correction-in-rate-cut-expectations-continues-commerzbank-crypto-news\/","title":{"rendered":"Gold and Silver on the backfoot as long as correction in rate cut expectations continues \u2013 Commerzbank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/metals\/gold\">Gold<\/a> price fell almost to the $2,000 mark <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">this week<\/a>, its lowest level in more than a month. Economists at Commerzbank analyze the yellow metal\u2019s outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">Correction of interest rate cut expectations puts Gold and Silver under pressure<\/h2>\n<blockquote>\n<p>Better-than-expected US data on retail sales, industrial production and the real estate market led to a noticeable reduction in Fed rate cut expectations. According to Fed Fund Futures, a rate cut in March is now only expected with a probability of just over 50%. The interest rate cuts expected for the first half of the year were revised downwards by around 20 bps over the course of the week. As a result, US bond yields rose significantly and the USD appreciated. All of this acted as a headwind for Gold.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>The price of Silver came under even greater pressure than Gold. It fell to a two-month low of $22.4, pushing the Gold\/Silver ratio back up to almost 90.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>As long as the correction in interest rate cut expectations continues, Gold and Silver are likely to remain on the backfoot.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Gold price fell almost to the $2,000 mark this week, its lowest level in more than a month. Economists at Commerzbank analyze the yellow metal\u2019s outlook. Correction of interest rate cut expectations puts Gold and Silver under pressure Better-than-expected US data on retail sales, industrial production and the real estate market led to a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,484,255,684,250,252,247,253,249,671,256,254],"class_list":["post-232342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gold","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-silver","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=232342"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232342\/revisions"}],"predecessor-version":[{"id":232343,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232342\/revisions\/232343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5240"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=232342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=232342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=232342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}