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Selasa, 15 Desember 2015

Gold Is Doldrums As Fed Gathers For Rate Hike Decision



Gold prices steadied Tuesday morning as the Federal Reserve gathered in Washington for what is expected to be an historic meeting.


Policy makers are likely to raise interest rates for the first time in more than a decade.


However, a steep drop in energy prices is denting inflation expectations, which may give the Fed reason to hold off until early next year.


Crude oil prices neared 11-year lows yesterday, while most metal prices have also fallen on the stronger U.S. dollar.


Gold was up 2 dollars at $1065 an ounce this morning, holding near its recent 6-year lows.


At 8:30 am ET, the Labor Department is set to release its consumer price index for November.


The National Association of Home Builders is scheduled to release the results of its homebuilder sentiment survey for December at 10 am ET.



Published: 2015-12-15 12:21:00 UTC+00










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