14.12.2015 - Gold to remain volatile as Fed meeting looms
Gold is likely to remain highly volatile in the next couple of weeks on the US Fed’s imminent interest rate hike scheduled to be announced on Wednesday. Gold price, being inversely proportional to the economic growth, is set to move in the range of $100 until the first week of January 2016. Trade sources anticipate two kinds of scenarios emerging for gold price movement. First, in case US Fed raises interest by 25-50 basis points, gold price would initially decline as a knee-jerk reaction. But, some trades might see this as an opportunity for entering in the gold space for longer -term prospects. So, gold price may recover later...............................................Full Article: Source
Print