Sunday, June 14, 2020

The Fed Knows the Economy Isn’t Roaring Back, More Pain to Come


The Federal Reserve has tipped its hand and its expectations to hold interest rates at the zero-bound range for the next two years is sapping hope of a sharp recovery out of financial markets and boosting gold prices. 

Gold prices have recently pushed back to the top of their two-month trading range and in an interview with Kitco News, Christopher Vecchio, senior currency strategist of IG Group, said that in the current environment, it is only a matter of time before gold prices breakout to the upside.

- Source, Kitco News