Gold fluctuates in anticipation of the growth rates of the Fed
It is trading in a narrow range. By 10.58 MSK troy
Ounce for December delivery costs
1 118,50 dollars. High
up does not work, because
investors hope for a speedy growth
interest rate in the United States. In favor
September’s increase mainly speak
Solid economic way signals.
For example, yesterday’s data showed,
that the mood in the construction sector
housing rose in August to the
highest level in the last 10 years.
The growth of the labor market also speaks in favor of the fact that it is time to start normalizing monetary policy.
Gold ended the seven-week period
reduction: the shock of the devaluation of the Chinese
RMB has stimulated investors care
an asset of refuge. However, the yuan has stabilized,
and market the emphasis began to shift again
to the impending increase in the Fed rate.
Experts in Asian
Markets predict the relative
the stability of the gold price in the coming
one – two weeks. According to them, Troy
oz will hover around $ 1,100,
and the growth rate has already been laid in price
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