02.11.2016 - Gold rebounds after October loss to finish at 1-month high
Gold futures on Tuesday snapped back from a tough October, sending prices to their highest finish in about a month, while the dollar dipped as uncertainty surrounding the outcome of the U.S. presidential election buoyed investment demand for the yellow metal. Gold traders also awaited the U.S. Federal Reserve’s monetary policy announcement due Wednesday at the conclusion of the central bank’s two-day meeting. The meeting isn't expected to produce an interest-rate hike, but could shed light on the chances for such a move by the end of the year, a potentially gold-negative development..........................................Full Article: Source
Print