Wednesday, 27 January 2016

Today's Mcx Market Update On Gold

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Gold rose to the highest level in almost three months in North America trade on Tuesday, as investors awaited the Federal Reserve's policy meeting, due to begin later in the day. 

The Fed is expected to keep interest rate on hold at the conclusion of its two-day policy meeting on Wednesday after raising interest rates for the first time in almost a decade in December. 

Investors were looking to the Fed policy statement for any indication that the bank is considering slowing the path of interest rate increases this year after recent global financial market turmoil.

A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of increases.

1 comment:

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