Commodity Trade Mantra

Posts Tagged ‘Fake Income Growth’

Gold Prices Decline as Fed Bluffs on Right Direction of the U.S. Economy

Minutes of the Fed’s April meeting released last week showed Fed officials believed the U.S. economy could be ready for another interest rate increase in June. Will the Fed actually follow through? Sometimes, the speculation alone accomplishes the purposes that Fed has in mind. For instance, the gold price against the dollar immediately suffered from rate-hike speculation.

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