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Gold Prices Down, But Not Out After Fed Leaves Rates Unchanged

From kitco.com

The gold market, while down on the day, is seeing little reaction to the Federal Reserve leaving interest rates unchanged and setting the stage for another interest rate hike in December. Following its two-day monetary policy meeting, the U.S. central bank left interest rates unchanged within a range between 2.00% and 2.25% as expected. However, in its statement, the committee reiterated its expectations to continue down the path of gradual tightening. “The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, ... (full story)

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  • Category: Fundamental Analysis