(Reuters) - While traders feel markets have factored in a rate rise of a quarter point to 4.0 percent, they are looking to the accompanying statement for clues on how many more hikes are in the offing this year.
This may put the dollar under further pressure, which is generally positive for gold prices, as it is widely perceived that interest rates in the United States are more likely to fall than rise in the future.
Read more at Reuters.com Hot Stocks News
This may put the dollar under further pressure, which is generally positive for gold prices, as it is widely perceived that interest rates in the United States are more likely to fall than rise in the future.
Read more at Reuters.com Hot Stocks News
1 comment:
Very interresting blog !
It has been a pleasure to read you.
Thanks a lot.
Renaud
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