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Investor Concern In Advance of U.S. Fed Meeting Pulls Gold Down Slightly
Jun. 17, 2013 05:01AM PST
Precious MetalsBloomberg reported that gold pulled back on Monday in London, as investors were cautious in advance of a two-day U.S. Fed meeting.
Bloomberg reported that gold pulled back on Monday in London, as investors were cautious in advance of a two-day U.S. Fed meeting.
As quoted in the market report:
The Fed’s monthly FOMC meeting will be closely watched for any signs of QE tapering,” Jonathan Butler, a precious metals strategist at Mitsubishi Corp. (8058) International (Europe) Plc in London, wrote in a report today. That “would be bearish for gold and the other precious metals.
