Skip to main content

What would higher US interest rates mean for commodities?

We are forecasting that the Fed will hike US interest rates sooner and raise them further than the markets currently anticipate. A tightening of policy by the world’s most important central bank might be expected to be negative for the prices of most commodities, particularly gold. However, we expect the adverse impacts to be limited and, indeed, there might even be some positives.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access