Gold at 4-month low after Bullard's comments

Source: WBP Online
Precious metal slid 0.2% to $1,241.30 an ounce as of 6:08 a.m. EDT time, touching the lowest level since July 9, after James Bullard stressed on Wednesday's Fed meeting that monetary stimulus tapering will be discussed on the next meeting scheduled for December, and it's most likely that quantitative easing will be reduced in the next few months amid strong employment data. Meanwhile his comments boosted dollar's value, edging down price for yellow metal.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.