Home Money & Business Precious Metals Price Predictions for 2018

Precious Metals Price Predictions for 2018

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One thing that certainly did not happen to precious metals at the end of 2017 was a price fall-off on the Fed’s fully expected decision to raise interest rates by 25 basis points. Indeed the reverse was true with gold, as the prime example, rising by almost $50 an ounce (or nearly 4%) between the time of the rate increase announcement and the year end.

Fear of a rate increase, despite the fact that its near certainty should have been fully discounted in the gold price, did serve to depress the price ahead of the rise announcement. The actuality, however, saw an almost immediate reversal taking the gold price back up above $1,300 by the year end – a level previously seen, very briefly, in mid-October.

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