Gold Spooked by Fed’s Hawkish Stance

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Gold has retreated from local highs amid concerns about the Fed’s hawkish stance on further rate moves. The futures market does not doubt that policy will be eased following the FOMC meeting on 9–10 December. However, to find a compromise within the Committee, Jerome Powell will most likely opt for hawkish rhetoric during the press […]The post Gold Spooked by Fed’s Hawkish Stance appeared first on ActionForex.