Investor bets against gold as Fed meeting approaches
A prominent investor is betting big against gold, predicting its price will drop sharply from the current $4,600 per ounce as the Federal Reserve’s FOMC meeting looms. The investor’s bearish stance comes amid rising U.S. Treasury yields and a 99% market expectation that the Fed will hold rates steady at 3.5%-3.75%. The Polymarket contract for…
