The Traderszone Network

Published in TZ Latest News 18 December, 2015 by The TZ Newswire Staff

Gold Futures Fall, Then Rise After Fed Action

Gold is being whipsawed as investors try to gauge the pace of future U.S. interest-rate increases. After initially moving little when the Federal Reserve decided on Wednesday to raise rates for the first time in almost a decade, the metal ended Thursday down 2%, the most since July 20. Bullion rose 1.4% on Friday as a gauge of the dollar weakened.

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