Morning Snapshot: Gold remains firm going into weekend
USAGOLD/Peter A. Grant/03-17-17
Gold remains well bid heading into the weekend. The yellow metal was boosted this week after the Fed raised rates in line with expectations, but indicated that they will maintain a slow and steady tightening path.
This is all very similar to the rate hikes in December 2016 and December 2015. The forward guidance was the same and gold rallied in response.
U.S.industrial production, University of Michigan consumer sentiment and leading indicators all come out later this morning. Industrial production is expected to rebound, sentiment should remain firm and leading indicators are expected to weaken. Another mixed bag.