| ‘Will the Fed or won’t the Fed’ – the pendulum of uncertainty has kept swing in recent months. Last week was no different. Based on statements by high ranking Fed officials, observers have now begun to believe, tapering of the $ 85-billion a month asset purchase may begin by March 2014.
Of course, employment data would be a crucial driver of the decision to taper; but concerns over the bloating Fed balance sheet have also begun to mount. So, it is going to be tough call either way. On Wednesday, gold in London fell to $1,240 an ounce, just about 5 per cent above the low of $1,180 recorded towards end-June this year...............................................Full Article: Source
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