Gold futures drop as strong Q3 GDP supports higher rates. 10/29/26

CME Group1 day ago1:42

Bob Iaccino discusses the recent price action in Gold futures as the December contract experiences a two-day drop. Iaccino breaks down the recent Federal Reserve decision to hold rates steady, noting the two dissenting votes and the CME FedWatch Tool indicating an 80% probability of a December rate hike. He also analyzes the latest U.S. economic data, including Q3 GDP growth of 3.4% and jobless claims falling to 194,000, and explains how these stronger-than-expected metrics, along with rising headline inflation, keep pressure on the metals market. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html #Gold #InterestRates #GDP

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