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Gold Rebounds On Wednesday morning, In the Middle of the Fed Speculation
Gold Rebounds On Wednesday morning, In the Middle of the Fed Speculation
MarketWatch - terpatau Gold rebounded on Wednesday morning, see cues from physical demand and amid spakulasi the Fed will tighten monetary policy sooner than expected.
On the Comex division of Trade on the New York Mercantile Exchange, gold futures for December delivery traded up 0.58% at $ 1,255.80 per troy ounce, after hitting $ 1,248.30 an overnight session and the highest at $ 1,258.90.
Overnight, expectations that the Federal Reserve will raise interest rates sooner rather than later in 2015 boosted the dollar and makes the price of gold fell to its lowest level.
A research report from the Federal Reserve Bank of San Francisco on Monday said that market participants expect the Fed to maintain its monetary policy amid speculation the Federal Reserve is about to accelerate stimulus sooner than expected.
Silver for delivery in December traded up 0.70% at $ 19.053 per troy ounce and Copper futures for December delivery dropped 0.05% to $ 3.105 per pound. -DT-
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