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Gold Weakness to Subside With Fed on Hold in First-Half of 2017

Lion Asset Management Forex Outlook Gold Weakness to Subside With Fed on Hold in First-Half of 2017

Forex Outlook

Gold Weakness to Subside With Fed on Hold in First-Half of 2017

Posted By Michael BoutrosDavid Song

Rising U.S. interest rate expectations may continue to drag on gold prices as the Federal Reserve appears to be on course to further normalize monetary policy in 2017, but Chair Janet Yellen and Co. may largely endorse a wait-and-see approach over the coming months as the central bank �assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation.�

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