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Gold treads water amid Fed uncertainty, copper extends rebound

From investing.com

Gold prices moved little on Wednesday as markets hunkered down ahead of an upcoming Federal Reserve meeting, while copper prices extended a rebound from six-month lows. The yellow metal saw some support this week as weak U.S. economic data pulled down the dollar and spurred some bets that the Fed will lack the headroom to keep raising interest rates. But this support was limited as the dollar recovered amid uncertainty over the Fed’s next move. While some facets of the U.S. economy appeared to be cooling, inflation and the labor market were still running hot, putting more pressure on the central bank to tighten ... (full story)

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  • Category: Fundamental Analysis