The 2016 market gold rush may be coming to a screeching halt. Gold sold off hard following an unexpectedly hawkish Fed minutes release on Wednesday, and the metal hit new three-week lows in early Thursday following a hawkish follow-up interview by Richmond Fed Chair Jeffrey Lacker.
Lacker told Bloomberg the market misconstrued the Fed’s decision not to raise interest rates in April.
A late-April Reuters poll showed that only around 60 percent of economists expected the next Fed rate hike to come in June. After the Labor Department ...
/www.benzinga.com/etfs/specialty-etfs/16/05/8007044/gold-crushed-after-hawkish-fed-comments alt=Gold Crushed After Hawkish Fed Comments>Full story available on Benzinga.com
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