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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Why gold prices spiked after the Fed decision

Posted on 28 July 2016

Gold futures rallied to their highest level in two weeks late Wednesday in electronic trading. Many gold investors settled on the notion that the Federal Reserve was actually dovish—in favor of maintaining low interest rates—despite the central bank leaving an interest-rate rise on the table for September.
“The Fed has had numerous opportunities to normalize rates over the past two years and have squandered them all,” said Peter Hug, global trading director at Kitco Metals Inc. in an emailed note after the Fed statement………………………………………..Full Article: Source


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