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Gold falls to a fresh 2026 low below 3,900 dollars ahead of the midterms as markets price about a 75 percent chance of a December Fed hike, FXStreet reports
- Gold falls to a fresh 2026 low below 3,900 dollars ahead of the midterms as markets price about a 75 percent chance of a December Fed hike, FXStreet reports — FXStreet says gold erased its early-week gains after the Fed held rates at 3.75 to 4.00 percent on Wednesday, with two policymakers voting for a 25 basis point hike and third-quarter GDP growth estimated at 3.4 percent. It notes prediction markets see a Republican sweep of Congress as the least likely midterm outcome, and that the October jobs report on Friday is the next test for December hike odds. (FXStreet)
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