Gold is down ahead of a new Fed rate hike

Commodities market

Oil prices dropped today, extending the previous decline, as an expected interest hike rise in the U.S would weaken fuel demand. Brent crude is 0.7% down, and WTI crude slid 0.8%.

Key tickers:

Brent: 97.10 — strong sell.

WTI: 93.41 — strong sell.

NG: 8.230 — neutral.

Foreign exchange market

The dollar is down today, but the decline was moderate as investors braced for Fed's 0.75% rate hike this week. The DXY index was down 0.05%.

Key tickers:

EUR/USD: 1.0205 — buy.

USD/JPY: 136.32 — neutral.

USD/CAD: 1.2921 — neutral.

GBP/USD: 1.1985 — neutral.

Metals

Gold was down today while investors waited for a 75 basis points rate hike. Gold futures dropped 0.16%.

Key tickers:

XAU/USD: 1727.60 — strong buy.

XAG/USD: 18.623 — sell.

XPT/USD: 876.08 — strong buy.

XPD/USD: 1987.75 — sell.

Crypto market

Bitcoin price slumped below the $22,000 level after failing to settle above the $23,000 zones. Most altcoins also declined. Ethereum dropped to near $1,665.

Key tickers:

BTC: $21948.7 — strong sell.

ETH: $1,521.84 — strong sell.

Neo: $10.0200 — strong sell.

Zcash: $56.80 — strong sell.

Stock market

The European stock futures remain unchanged today, as the economic outlook remains unclear. The DAX futures traded 0.1% higher, the CAC 40 futures was 0.1% higher, and the FTSE 100 futures traded flat.

Key tickers:

• indexes

S&P 500: 3,961.63 — neutral.

Nasdaq 100 (NDX): 12,396.47 — neutral.

Dow Jones Futures: 31,823.0 — sell.

DAX: 13,180.00 — sell.

• Shares

Apple #APPLE: 154.09 — buy.

Amazon #AMAZON: 122.42 — neutral.

Tesla #TESLA: 816.73 — strong buy.

Meta Platforms Inc #FACEBOOK: 169.27 — strong sell.