By SIMON CONSTABLE
Gold is set to surge as long as the Federal Reserve keeps a dovish tone to its policies, which right now looks very likely.
Historically, when the central bank pauses its cycle of increasing the cost of borrowing money, prices for the yellow metal tend to trend higher, according to a recent report.
"[...] after the Fed pauses, historical analysis suggests that gold eventually reacts positively as the pause cycle extends and/or the Fed eases monetary policy," states the March-dated World Gold Council Report. Read more here.
Gold is set to surge as long as the Federal Reserve keeps a dovish tone to its policies, which right now looks very likely.
Historically, when the central bank pauses its cycle of increasing the cost of borrowing money, prices for the yellow metal tend to trend higher, according to a recent report.
"[...] after the Fed pauses, historical analysis suggests that gold eventually reacts positively as the pause cycle extends and/or the Fed eases monetary policy," states the March-dated World Gold Council Report. Read more here.
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