Gold under pressure post U.S. Fed rate hike

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Investor attraction towards Gold diminished rapidly during trading on Wednesday when the Federal Reserve decided to raise US interest rates for the first time in almost a decade. This commodity has been a victim to heavy depreciations from the rising optimism around a December US rate rise, and now this has become a reality, any hope for a recovery in prices before the end of the year has promptly faded. It has to be noted that the Fed did succeed in creating a controlled market reaction

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