Gold prices have remained flat ahead of what is anticipated to be the big farewell to the fed bond buying scheme.
However many gold bugs expect a surge in the gold price as the consequences of saying good bye are likely to lead to further repercussions.
Peter Schiff “The fed is probably going to continue the pretense that it can end QE program which it cant”.
The fed are set to make this expected announcement later on today at the end of their two day policy meeting. Whilst we don’t envisage any surprises from the fed today we will be keeping a close eye on US interests rates as lower interest rates are likely to be supportive of gold.
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