Weekly Metals Wrap

From orbex.com

The yellow metal surged higher this week, despite initial weakness in response to the latest US interest rate increase. Following the initial reaction to the decision, the US Dollar softened as the market digested the lower revision to the Fed’s dot plot forecasts which now project just two rate hikes next year, down from three prior. While the Fed noted that the economy remains strong according to the latest data, it said that it would be closely monitoring global economic and financial developments in making decisions on further policy adjustments. The market has taken this statement as a sign that the Fed is ... (full story)