MarketWatch: US Fed a 'Bucket of Cold Water' for Gold
29/10/2015
LONDON, 29 October 2015 – Comment from BullionVault leads today's gold price report from leading US financial news-site, MarketWatch.
"With gold prices peaking Wednesday at what was the floor of the 2013 crash around $1180," MarketWatch quotes BullionVault head of research Adrian Ash, the Federal Reserve's "neutral statement [on when it might raise rates from 0%] came like a bucket of cold water for [gold] speculators needed to curb their enthusiasm."
Balanced by this week's poor US GDP growth data, however, "that leaves next week's [nonfarm payrolls] jobs report as a key data point for the Fed, the dollar and gold," Adrian concludes.
Read the MarketWatch report here:
Source:
MarketWatch
