Today (17/12), the price of gold terhempaskan by the decision of the Federal Reserve raised US interest rates. Overnight, gold had surged before determining the benchmark.
The Federal Open Market Committee (FOMC) adds to the range limit of the US interest rates by 25 basis points to 0.25 to 0.5 percent, which ended the long debate about the readiness of the US economy in the face of higher lending rates. Although the Fed decision removes an overhang on the price of gold, the focus now shifts to how quickly the US central bank will raise interest rates again in the future.
This precious metal has sunk nearly 10 percent over 2015, mostly due to the uncertainty of the timing of the rise in US interest rates and the market fears that high interest rates will reduce the demand on non-yielding assets like gold. Spot gold dims 00:47 percent to the US dollar 1,067.55 per troy ounce. Last night, have rallied ahead of the interest rate the Fed and managed to retain most of the price gains after central bank statement and closed up 1.2 percent.
"The movement of gold has unusually sensitive to changes in monetary policy for many months. The increase in interest rates could eventually remove the uncertainty of the bullion market," said HSBC analyst James Steel quoted on CNBC. The investors have increased short-covering trade in gold to near record highs, although this time has decreased. The dollar jumped nearly one percent against the currencies of major, as one of the factors that can limit the action of short-covering.
The Federal Open Market Committee (FOMC) adds to the range limit of the US interest rates by 25 basis points to 0.25 to 0.5 percent, which ended the long debate about the readiness of the US economy in the face of higher lending rates. Although the Fed decision removes an overhang on the price of gold, the focus now shifts to how quickly the US central bank will raise interest rates again in the future.
This precious metal has sunk nearly 10 percent over 2015, mostly due to the uncertainty of the timing of the rise in US interest rates and the market fears that high interest rates will reduce the demand on non-yielding assets like gold. Spot gold dims 00:47 percent to the US dollar 1,067.55 per troy ounce. Last night, have rallied ahead of the interest rate the Fed and managed to retain most of the price gains after central bank statement and closed up 1.2 percent.
"The movement of gold has unusually sensitive to changes in monetary policy for many months. The increase in interest rates could eventually remove the uncertainty of the bullion market," said HSBC analyst James Steel quoted on CNBC. The investors have increased short-covering trade in gold to near record highs, although this time has decreased. The dollar jumped nearly one percent against the currencies of major, as one of the factors that can limit the action of short-covering.
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