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Gold Facing Pressure As Fed Considers Hiking Discount Rate

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 23, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Gold is facing continuing selling pressure as speculation mounts that the US Federal Reserve will hike the discount rate during a scheduled meeting late Monday. Any move by the Fed to raise the discount rate could be seen as highly bearish for the metal and signal the central bank’s direction[​IMG]

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