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Gold, Dollar and Fed
Apr 23, 12:11 PM EDT |
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| Lower interst rate, rising commodity prices and persistent weakness in dollar may limit Fed's ability to react, if investors decide to sell dollar. |
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| Recent events in stock market suggest that interest rate hike may come to a stop and that will be good for the econony and by extension for stock market. It is widely believed that price inflation is under check and asset inflation is temporary. The Fed has broadcasted in recent days that higher rates may wait. It is this lost time in waiting, may limit the Fed from taking actions to save dollar from future attacks in the international markets. Will gold rise in the short term? |
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