Price of Gold fell – Can it continue down?

Price of Gold fell just before the FED meeting, which is tomorrow at 20:00 (our time). Investors closed their long positions. Small amount of investors think that FED will move interest rates higher during this meeting, but some of the latest data from the econonomy shows more positive signs and this may put the rise of the interest rates back in focus and possible rate hike later in the year. The chances of rate increase in the beginning of this year were slim to none, however now the percentage has increased. If we expect rate hike, this will for sure impact price of Gold negatively. The price of Gold had a good run up from its bottom during December 2015, but that increase is due to the low pace of growth of the global economies and the low rate of inflation.

Jr. Trader – S. Fuchedzhiev

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance