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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (11770)	2/23/2015 9:35:26 AM
From: Goose94	Read Replies (1) of 202936

Gold Will Remain Capped As Fed Raises Rates Eventually The liftoff of U.S. interest rates remains uncertain and markets are looking for more clarity from Fed Chair Janet Yellen when she testifies before congress Tuesday and Wednesday. However, analysts at iiTrader warn that gold prices could be still be capped following any dovish comments from the central bank head. “Traders must remember it is not a matter of raising rates in June or not, large-scale gold investors and fund managers will not reestablish long positions because a rate hike may be delayed six months, they must plan as much as a year to eighteen months out and do expect a rate hike between now and then,” they say. By Neils Christensen

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