24.09.2015 - Gold Price Forecast Sees Rise Before 2016
Interest rates are an important factor in the gold price forecast, so it's a good time to get an update on the yellow metal since the Sept. 17 Fed meeting pushed a rate hike down the road… Fed Chairwoman Janet Yellen failed to give clear guidance on when rates will be raised, except to say the first increase could occur at any future meeting. And she still expects it will happen in 2015. Interest rates have been near zero since 2008. The Fed hasn't seen the "right" conditions to justify even a minor initial rate hike. Rates affect gold investing because gold, which offers no yield, competes with interest from bonds and dividends from stocks...............................................Full Article: Source
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