| The gold price is at the mercy of the US Federal Reserve’s decision on interest rates amid an uneventful physical market, Barclays said. Gold should remain supported if there is no policy action at the October and December meeting’s of the Federal Open Market Committee (FOMC), the bank said in a research note on Tuesday.
It expects the US central bank, which will start its two-day October meeting later on Tuesday, to start to lift rates from near-zero levels from March next year. Barclays is maintaining its gold price forecast of $1,170 per ounce for the fourth quarter and $1,215 per ounce for 2016...............................................Full Article: Source
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