Branch2 Intelligence
Gold slips as fading US-Iran peace prospects reinforce Fed rate-hike bets
Key takeaway
Gold hits 7-month low as fading US-Iran peace prospects stoke inflation fears, raising Fed rate hike bets.
- Step 11st-order: Fading US-Iran peace prospects stoke inflation fears, Fed's Hammack signals rate hike willingness.
- Step 22nd-order: Higher-for-longer US rates lift US real yields and the dollar, transmitting to UK gilt yields via cointegration.
- Step 33rd-order: UK SME financing costs rise and discretionary demand softens as mortgage rates and loan spreads increase.
Source: IN:Economic Times
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