Waller's hawkish remarks boost rate hike bets, spot gold falls over $120 intraday
- Federal Reserve Chair Waller spoke on curbing inflationary pressures, leading to increased market bets on rate hikes.
- The dollar strengthened as a result of Waller's comments, putting pressure on precious metals like gold.
- Spot gold dropped 2.6% intraday, falling over $120 to $4,480 per ounce and hitting a one-week low of $4,464.
- Waller emphasized that inflation has not shown substantial slowdown and stated that the Fed 'still has work to do.'
- Traders increased bets on a September rate hike following Waller's remarks.
PANews, August 29 — After Federal Reserve Chair Waller spoke on curbing inflationary pressures, market bets on Fed rate hikes rose significantly, the dollar strengthened, and precious metals such as gold came under heavy pressure.
Spot gold dropped 2.6% intraday, a decline of more than $120, to $4,480 per ounce, and at one point hit a one-week low of $4,464.
Independent analyst Tai Wong noted: “Chair Waller made clear that inflation has not yet shown a substantial slowdown and stressed that the Fed ‘still has work to do,’ a stance that triggered heavy selling in the gold market.
Although this may still be a communication strategy of ‘all bark and no bite,’ it was enough to make the market view the September meeting as a toss-up between a hike and a pause.”
Waller’s remarks were his closest public acknowledgment to date that further rate hikes may be needed to ease price pressures.
沃勒的鹰派言论提升加息预期，现货黄金盘中下跌超过120美元
PANews，8月29日——美联储主席沃勒谈及抑制通胀压力后，市场对美联储加息的押注显著上升，美元走强，黄金等贵金属承受了较大压力。
现货黄金盘中下跌2.6%，跌幅超过120美元，至每盎司4480美元，并在某一时刻触及一周低点4464美元。
独立分析师泰·王指出：“沃勒主席明确表示，通胀尚未显示出显著放缓，并强调美联储‘仍有工作要做’，这一立场引发了黄金市场的剧烈抛售。
尽管这可能仍然是一种‘只说不做’的沟通策略，但足以让市场将九月会议视为加息与暂停之间的摇摆。”
沃勒的言论是他迄今为止对进一步加息可能需要的最明确的公开承认。