Silver North Resources Ltd. press release
The Fed's Dovish Signal Buoys Gold Market
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Canada
The Fed’s Dovish Signal Buoys Gold Market
Gold prices surged even higher last week after the Federal Open Market Committee issued a surprisingly dovish statement. While the precious metal has performed admirably over the past few weeks, several months of interest rate hikescoupled with a strong dollar depressed gold prices for several months. High interest rates increased the opportunity cost of holding gold bullion and encouraged investors to buy alternative assets that paid interest.
However, hopes of the U.S. Federal Reserve reversing its hawkish stancein...
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