Market Watch: Gold Hits Record as Crypto Assets Brace for Fed Decision
Futures markets hover in neutral territory ahead of a pivotal week featuring earnings from tech giants and the Federal Reserve's rate decision. The S&P 500 and Dow Jones Industrial Average futures show minimal movement, while Nasdaq futures dip 0.2%—a potential signal of risk-off sentiment creeping into growth assets.
Gold's parabolic surge continues unchallenged, with futures breaching $5,100/oz as geopolitical tensions (including U.S.-Greenland negotiations and fresh tariff threats) drive capital toward hard assets. The 10-year Treasury yield retreats to 4.21%, compressing borrowing costs amid flight-to-safety flows.
Cryptocurrencies remain conspicuously absent from the safe-haven narrative despite Bitcoin's historical correlation with gold during monetary uncertainty. Traders appear to be sidelining digital assets ahead of macro catalysts, with altcoins particularly vulnerable to liquidity shifts post-FOMC.
