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