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The Federal Reserve has tipped its hand and also its assumptions to hold interest rates at the zero-bound array for the next 2 years is sapping hope of a sharp healing out of financial markets as well as improving gold costs.
Gold costs have lately pushed back to the top of their two-month trading array and in a meeting with Kitco News, Christopher Vecchio, elderly currency strategist of IG Group, said that in the existing atmosphere, it is just an issue of time prior to gold rates breakout to the upside.
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The Fed knows the economy isn’t roaring back – DailyFX
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.
__________________________________________________________________
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