Gold market is affecting negatively by Fed expectations and increase in stock market. We can say the number of experts who are thinking about gold market as negatively, started to increase at the last times after Trump's effect on the USA market. Gold assets in gold-backed exchange traded funds (ETF) are preparing for the biggest monthly loss of nearly three years, as the Fed is preparing to raise interest rates, US stocks are climbing record highs and Donald Trump is ready to take over the presidency. With selling the positions which are gold backed, the expectations of public expenditures will rise in near future and interest hike increased so strongly in December. The nine-day decreasing in global ETF assets indicates the longest decline since last December, when the Fed moved to raise interest rates for the first time in nearly 10 years.
- Date: 23 November 2016 Wed 12:22
- Last Added
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