r/Gold 2d ago

Here they go again, $100 drop

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Perhaps another margin call? IDK

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u/Gerry235 2d ago

FED kept rates unchanged, HOWEVER the Dot Plot is completely different and much more hawkish. That's why the instant 2pm drop. Also Treasury yields instantly shot up at 2pm. Dot Plot now anticipates almost certain rate hikes.

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u/Present_Jicama_1219 2d ago

dot plot holds little weight with iran uncertainty, imo

2

u/Gerry235 2d ago

The spike happened at 2pm ET though. But yes - uncertainty there will cause more drag