| Last week, data releases in the US painted a mixed picture of the economy, making investors run hither and thither. Gold made a spectacular rally in the first four trading sessions of the week, touching a high of $1,191/ounce on Thursday, but later lost steam to close the week at $1,177/ounce, up only 1.8 per cent.
The Federal Reserve is closely tracking inflation and labour market data, but these data points are lately not leading to a cohesive picture on the economy. So, bullion investors have continued to obsess over the billion-dollar question on whether the Fed hikes its rate before the end of this year. The central bank’s next meeting is during October 27-28...............................................Full Article: Source
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