With the Federal Reserve’s decision out of the way, gold investors
can breath a sigh of relief, but the metal’s volatile ride isn’t over.
The
U.S. central bank’s first interest-rate hike in almost a decade was one
of the most highly-anticipated events of the year for the gold market
and, as expected, policy makers raised interest rates for the first time
since 2006.
In electronic trading, February gold
GCG6, -0.97%
dipped back under $1,070 an
ounce in the immediate Fed aftermath, then traded above it. Prices had settled earlier Wednesday at $1,076.80, which was up $15.20, or 1.4%, from Tuesday’s close.
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