LONDON, 30 October 2015 – India's leading financial news channel, ET Now, today interviewed BullionVault head of research Adrian Ash about what this week's US Fed announcement did to gold, plus the outlook for prices in 2016.
Produced by the Economic Times of India, the sub-continent's leading financial paper, ET Now heard from Adrian how "This week's Fed statement was taken as a cue to reduce [bullish] positions very quickly" in the gold derivatives market.
Looking ahead, "Consensus is split in the professional wholesale market about what a Fed rate hike might so to gold" when it finally comes, he went on.
"The obvious [reply] is to say gold will go lower, but the critical thing is that the expectation of a Fed hike has now been with us for 12 months and more."
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Watch the full interview at India's ET Now here:
