Post by
greendayyyy on Jan 17, 2024 1:17pm
FED
Every time a member of the FED speaks today, the dollar rises again. Always the same talk about how they're in no hurry to cut rates to ensure that gold stays low. With their debt, they won't be able to manipulate the markets forever.
Comment by
psych01 on Jan 17, 2024 2:07pm
Fed not likely to raise rate in January meeting, lowering could happen next meeting even if inflation stays flat, excuse my cynicism that Fed is not neutral it's for Biden and they will want a summer economic boost in housing starts etc. to thrash Trump. Lots of factors affecting POG, USD still the biggest but gold can have a good day out of the blue, who knows. IMO