Buy Gold Before It Reaches $10,000

23.09.2016 • Gold and Natural Resources

By Shae Russell from the Port Phillip Insider (Australia) –

When the Fed speaks those involved in the markets — investors large and small — listen, interpret and act upon what they think the Fed means. And these actions filter through the global economy.

But it’s not always obviously until later.

One section of the market that moves with the powerful Federal Reserve Bank, is gold. Take this from Bloomberg yesterday:

Gold held the biggest advance in two weeks after the Federal Reserve passed on the chance to boost borrowing costs and lowered its outlook for long-term interest rates, bruising the dollar.

Fed policy makers scaled back the number of increases they anticipate for 2017 after an expected hike later this year.

You can pretty much rule out an increase in rates at the November meeting. As I mentioned in Port Phillip Insider yesterday, Jim still isn’t convinced the Fed will raise rates in December this year.

All of this means good things for the price of gold…

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