TeleTrade - Analytics

TeleTrade

717.00 6.50/10
57% of positive reviews
Real

17.06.2015 06:43 Gold weakened ahead of the FOMC rate decision

 

Gold declined to $1,179.10 an ounce as traders await the Federal Open Market Committee benchmark rate decision as the two-day policy meeting ends.

 

 

Strength of the U.S. currency would hurt the dollar-denominated precious metal, making it more expensive for holders of other currencies. At the same time it would limit demand for safe-haven.

 

 

The ongoing uncertainty regarding future of Greece's debt and EU membership does not provide much support.

 

 

 



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