Gold Price Driven By Fed's Uncertainty
Schwab Network
English - February 10, 2023 16:58 - 9 minutes - 87.7 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"I think the price of crude oil currently is what investors believe that the Federal Reserve is getting close to the terminal rate. There has been a nervousness in the gold market. Jerome Powell has stated that it will not be appropriate to lower rates. Therefore, the gold price will benefit from this. I think it is healthy that there is little conviction in the S&P 500 Index or SPX," says George Milling-Stanley.