The Fed Is in a Jam: Barron’s

Reuters

Gold marks time as investors focus on Fed

Gold prices were subdued on Tuesday ahead of a crucial U.S. Federal Reserve meeting that could offer cues on future interest rate hikes amid rising inflationary pressures. “The theme of today’s market is the Fed and nothing else,” said Carsten Fritsch, a commodities analyst at Commerzbank. “I expect the Fed will announce the start of tapering but I do not see them giving a specific timing around a rate hike and that may lead to some disappointment because market participants are expecting something more specific that could push gold towards $1,800 per ounce or even beyond that.”

Source: https://finance.yahoo.com/m/ee813292-479f-389a-a849-ad408f7e2f04/the-fed-is-in-a-jam-and.html