By: Sarah Benali
“In late November and early December, gold slumped from $1,280 to below $1,130 while the yield on the active 30-day Federal funds futures contract climbed from 0.565% to 0.645%. Both moves ended after the December FOMC meeting and gold subsequently embarked on a strong recovery,” said Tom Kendall, head of precious metals strategy for ICBC Standard Bank, in a report Friday.
By: Sarah Benali
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