Commodity Trade Mantra

Posts Tagged ‘Commodity Price Correction’

Has Gold Already Priced-In a Fed Interest Rate Hike?

Gold already started correcting following the Fed’s fear-provoking announcement that it might raise rates in mid-June. The announcement lifted the US dollar 0.8% & sent gold down 2%, but the change is still within trend. Is there more downside ahead? Likely yes. Gold is seasonally weak in June. The lead-up to June 15 might be more significant than the event itself.

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