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Wall St., Main St. See Gold Price Rising During FOMC Week

Monday, 11 June 2018 11:11 WIB Gold Outlook Gold Corner

Wall Street and Main Street alike look for gold prices to rise this week even though the Federal Open Market Committee is widely expected to hike U.S. interest rates again, based on the Kitco News weekly survey. But then, some observers pointed out: traders have already factored higher U.S. rates into markets. Investors have many major news events to monitor this week, with perhaps the most important being the Fed meeting, with policymakers expected to hike interest rates another 25 basis points. Other events include a U.S.-North Korea summit and meeting of the European Central Bank. Seventeen market professionals took part in the survey. There were 10 votes, or 59%, calling for gold...

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