Gold a goner just after the FOMC – here's why – ForexLive
Feedback on the gold price response to the Federal Open Market place Committee fee minimize today by way of ANZ:
- Despite the Fed chopping charges by 25bps, Fed policy marers appeared break up over the require for further interest fee cuts. This has been a single of the most important motives behind gold’s solid effectiveness over the previous number of months. This uncertainty over the outlook for charges at the Fed is probably to see the market place divided over the outlook for the important metals.
The price fall was sharp certainly:
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