19.11.2015 - Gold Rises as Traders Focus on Gradual Higher U.S. Rates
Gold prices rose after minutes from the Federal Reserve policy-setting meeting showed officials are closer to raising interest rates for the first time in nearly a decade but expect the pace of increases to be gradual. Most Fed officials expect that the U.S. economy will meet the conditions for raising interest rates by their mid-December meeting, the minutes of their October meeting showed. But new language showed that after the Fed does move rates higher, the subsequent path of increases is likely to be exceptionally shallow and gradual.............................................Full Article: Source
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