Jason Rogers
FXCM Representative
- Messages
- 517
Gold Setting the Stage For "Lift-off" Post-FOMC
A couple of different scenarios could unfold following the FOMC meeting tomorrow. While it is widely expected the Fed will raise rates, what is not so clear is the path the Fed will take after embarking on a tightening cycle.
If the Fed signals an even more gradual pace of rate increases than the market expects, we will likely see an immediate sell-off in the dollar and rise in precious metals.
A couple of different scenarios could unfold following the FOMC meeting tomorrow. While it is widely expected the Fed will raise rates, what is not so clear is the path the Fed will take after embarking on a tightening cycle.
Gold Daily: Aug '15 - Present
If the Fed signals an even more gradual pace of rate increases than the market expects, we will likely see an immediate sell-off in the dollar and rise in precious metals.