Full Article: What’s Gold’s Next Move?
By: Phillip Streible
Gold futures will continue to keep a data driven mindset that will have a spillover effect on the probability of the speed of another rate hike. Anticipation remains high for 1 more rate hike this year but the possibility of the FED zeroing in on winding down its $4.5 trillion portfolio of mortgage and treasure securities may play more of a significant role in direction. This is in effect is reverse quantitative easing. We should get further insight over the next few weeks when more significant data comes out.
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Full Article: What’s Gold’s Next Move?
By: Phillip Streible
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