Guotai Asset Management sees precious metals, base metals pull back as Fed hike bets rise

PUBT · 2d ago
Guotai Asset Management sees precious metals, base metals pull back as Fed hike bets rise
  • Guotai Asset Management flagged a sharp pullback in precious metals and base-metals equities, tracking a slide in spot gold below USD 4,100.
  • Brent crude near USD 100 revived energy-inflation fears, lifting July Fed hike odds to 36% from about 12% a week earlier.
  • Rising US yields and a firmer dollar weighed on non-yielding gold; investors trimmed positions ahead of next week’s Fed decision.
  • Gold fell despite escalating Middle East tensions, signaling a near-term fade in safe-haven premiums as rate expectations regained control.
  • Guotai sees the move as cyclical pressure, not a structural break; central-bank buying and tight copper supply still underpin longer-term support.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guotai Asset Management Co. Ltd. published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein.