After more than a decade of closely watching gold prices and trading the gold markets, the amount of action never ceases to amaze me.
And this past week was no different, when we saw considerable volatility along with a pretty strong downward bias.
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Once again, the Fed has had a huge impact on gold traders, fund managers, and investors who are all trying to parse through the ‘Fedspeak’ for clues on the direction of interest rates.
With the upcoming September FOMC meeting next week, several Fed members have been making both hawkish and dovish cases for raising interest rates.
This post was published at Wall Street Examiner on September 16, 2016.