Gold Finds Support as October Fed Hike Outlook Softens Gold moved higher as expectations for a Federal Reserve interest-rate increase in October weakened. Rate ex...
Gold moved higher as expectations for a Federal Reserve interest-rate increase in October weakened.
The rise in gold was reported alongside fading prospects of an October Federal Reserve rate hike. The available information does not provide a price, percentage change or further explanation for the shift.
The development places changing expectations for U.S. monetary policy at the center of the latest move in gold. Further details on the outlook were not provided.
Gold’s advance came as expectations for an October Fed hike eased.
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