Gold Appeal Tarnished As Hawkish Fed Warns About Complacency
Posted: Mon Aug 15, 2016 6:52 pm
This article was written by Idan Levitov, head analyst for anyoption.com.
Although gold has edged higher amid sustained losses in the US dollar and mixed economic data, key FOMC members are striking an increasingly hawkish tone, suggesting that further interest rate normalization may be afoot.
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While the Federal Reserve has maintained that any decision would “data dependent” in nature, there are numerous figures that indicate the timing of another rate increase could be sooner rather than later. Besides heightened jawboning from regional Federal ... (read more)