Gold Pressured by Rebound in U.S. Dollar Index
Friday August 19, 2016 08:01
(Kitco News) - World stock markets were mixed overnight in quiet, late- summer trading. Markets could be quieter the next couple weeks, until after the U.S. Labor Day holiday in early September. Featured in the marketplace this week has been Fed speak and the key "outside markets." Following the June FOMC minutes released Wednesday afternoon that were deemed to favor the monetary policy hawks, New York Fed President William Dudley on Thursday said recent stronger U.S. economic data will allow the Fed to raise interest rates at some point. Dudley was not precise on the timing of a future Fed rate hike.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
