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Gold likes it when the Fed stalls
Thursday, October 1, 2015 4:51
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truthingold.com / October 1, 2015 at 10:57
Markets have been struggling every since the Federal Reserve’s decision not to raise the Federal funds interest rate, but there has been one winner: gold.
According to analysts at RBC Capital Markets, the recent jump in gold prices has been in part due to the decision by the FOMC not to raise rates.
The analysts compared the market expectations of a rate, derived from a formula using the 30-day Fed fund futures, and the price of gold. They found that as a hike became more unlikely, the higher gold prices became and vice versa.
The post Gold likes it when the Fed stalls appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/01/gold-likes-it-when-the-fed-stalls/
