Gold’s Outlook Following The Federal Reserve’s Decision
Gold’s Outlook: Sevens Report Analysts Quoted in MarketWatch
Gold gains for a 4th straight session to settle at a more than 2-week high
Gold futures posted a modest gain on Tuesday to mark another settlement at their highest in over two weeks, a day ahead of the Federal Reserve’s decision on interest rates.
“A hawkish decision would be decidedly bearish for gold…while a dovish surprise would support a run beyond $2,000” for gold, said analysts at Sevens Report Research, in Tuesday’s newsletter.
December gold climbed by 30 cents, or less than 0.1%, to settle at $1,953.70 an ounce on Comex.
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