Gold's up 1.9 Percent on the Fed's High Expectations.
4 Articles
4 Articles
Gold prices are falling sharply against the backdrop of increased fears that the US Federal Reserve will raise a key rate this week to contain inflation.
Economics - Ahlatcı Holding Strategy Director Yücel Tonguç Erbaş noted that the Fed is expected to raise interest rates by 25 basis points, noting critical levels in gold, silver and oil.
Canan Sakarya - Parliamentary Reporter for Ekonomi Gazetesi Şirin Sarı - Gold and Money Markets Expert Prof. Dr. Fatih Özatay - Former Deputy Governor of the Central Bank of Turkey / Writer for Ekonomi Gazetesi
While the price of gold has fallen below $4,300 per ounce, major institutions' year-end expectations remain above the current price. As the market prices in short-term pressure ahead of the Fed decision, the real question is how much of the decline is behind us.
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