Gold awaits Fed next week

zzzzhu456

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The gold price is sitting comfortably above the $1200 mark in today’s trading session on the back of US dollar weakness and some see next week’s interest rate decision and monetary policy statement as the main driver of the precious metal as the ear closes out.

The market has priced in an almost 100 percent chance the Fed will hike interest rates next week so the main focus will be the following statement for signs of any further rate hikes this year or as we enter 2019.
 
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