View full page at metalsmine.com

 

Gold dips to 1-week low; investors await Fed rate call

From reuters.com

Gold prices fell to their lowest in a week on Thursday as the dollar and stocks rose, while investors digested the U.S. midterm election results and turned their focus to the Federal Reserve’s monetary policy decision due later in the day. The Fed is not expected to raise interest rates until its next gathering in December, however market participants are waiting to see whether it offers clues about possible rate increases in December and in 2019. “A rate increase in December is all but fully priced in, but next year’s outlook is still in flux,” said Ilya Spivak, a currency strategist for DailyFX. “A confident tone ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis