17.06.2016 - Gold price nears two-year high
Gold prices soared to their highest level in nearly two years Thursday, a day after the Federal Reserve lowered projections for how much they expect to tighten monetary policy in the next few years. Gold for August delivery closed up 0.8 per cent at $US1,298.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit $US1,318.90 a troy ounce earlier in the session, the highest level since August 2014. An uneven recovery in the US and slow growth abroad appear to have eroded the Fed’s hawkishness, with a greater number of officials now seeing scope for just a single rate increase this year, rather than two...............................................Full Article: Source
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