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A peak in global rates is good for gold BoC and ECB can continue to lower interest rates without the Fed

From kitco.com

Although the Federal Reserve could still lower interest rates one or two times this year, it continues to signal that it is not in a hurry to adjust its monetary policy just yet. However, analysts note that despite the U.S.’s reluctance to ease interest rates, the gold market remains well supported as global rates start to fall. The diverging monetary policies in the global marketplace are being driven by the Bank of Canada and the European Central Bank, both of which have cut interest rates due to easing inflation pressures in their respective economies. Analysts have said that while the Federal Reserve remains the ... (full story)

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  • Category: Fundamental Analysis