30.01.2014 - Is the gold price based on hope?
The gold price slipped further this morning, in anticipation of the FOMC’s statement later today. It was also hit by the rise in Turkey’s key interest rate, this move raised hopes that the flight from emerging markets would now slow somewhat. Today is the second day of the FOMC’s two-day meeting. Despite the weak December nonfarm payrolls report, commentators appear to believe that the Fed will announce further tapering, following the December taper of $10 billion, from $85 billion previously...............................................Full Article: Source
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