Gold rises but U.S. rate expectations cap gains


Reuters/Maytaal Angel/10-10-17

Gold touched its highest in nearly two weeks on Tuesday, supported by a softer dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another U.S. interest rate
increase.

…Fed funds futures showed traders were pricing in a nearly 90 percent chance of a December rate increase.

PG View: The article also points out that the gold-silver ratio suggests that “silver is undervalued” and that “Silver’s supply and demand dynamics are supportive of
higher prices in light of stagnating mine output and firming industrial demand.”

Share
This entry was posted in Gold News, Gold Price, Gold Views, Silver News, Silver Views. Bookmark the permalink.

Comments are closed.