LONDON, 13 November 2017 – BullionVault's outlook for gold against the widely expected Federal Reserve rate rise next month is quoted today by leading US financial news-site MarketWatch.
A rate hike in December is "baked in the crust as Trump's tax cuts get stuck on the Hill," the report quotes Adrian Ash, research leader at BullionVault.
But for now, "Gold has gone all 'wait and see' while the stock market digests the drop in junk bond prices," Adrian adds.
"If this dip in risk assets gets chance to become a correction, gold will likely find favor ahead of New Year."
Read the full MarketWatch report here:
Source:
MarketWatch
