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- Gold rallies after FED being “patient”
Gold rallies after FED being “patient”
Gold prices rally after yesterday's FED statement to start rising interest rates next year but not in the first quarter and the positive outlook on the U.S. economy. The precious metal is currently quoted at USD1,209.40 or +1,89% a troy ounce, back above the important level of USD1,200.00 after trading at a two-week low at 1,183.40 yesterday. Yesterday data showed that U.S. consumer prices rose 1.3 percent with oil near 5-year lows.
GOLD currently trading at USD1,209.40
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