Gold rate forecast for May 17 – 21
On Tuesday, August 9, the U.S. Federal Reserve System (FRS) announced that it will continue its low interest rate policy for at least two more years until 2013 and reserves the option to take additional liquidity measures, although not nothing was said about the start of the third phase of the QE3 quantitative incentive. “The … Read moreThe Fed will maintain a zero interest rate until 2013.
The gold rate retraced slightly during the past trades, but reversed and climbed to the 200-day moving average. The $ 1,800 level is sort of a magnet for the price, so gold is now just trying to figure out where to go in the longer term. If it breaks past the highs of last week, … Read moreGold rate forecast for July 13, 2021: problems with breakout up