Gold Sees Wildest Price Swings Since 2016

From bnnbloomberg.ca

The gold market is seeing the biggest price swings since late 2016 as traders and investors struggled to read when the Federal Reserve may cut interest rates. Bullion traded little changed in New York just days after the metal surged near the highest since 2013 on bets the Fed will lower borrowing costs either at the end of this month or later. The appetite for gold began to wane after data on Friday showed U.S. payrolls topped economists’ estimates, weakening the case for policy makers to reduce rates. Until Friday, gold had been on a tear since Fed officials last month opened the door to a rate cut, boosting the ... (full story)