-
Gold and Silver Outlook for September 26-30
The bullion market recovered last week as the FOMC didn’t raise rates all awhile leaving the door open for a rate hike this year. The FOMC also revised its outlook on GDP growth rate for 2016, core inflation for 2017 and Federal Funds rate. The dot plot showed the Fed expects fewer rate hikes in the coming years and lower neutral rate – revisions that only play in favor for gold and silver. But now the markets will see if this decision will be enough to drive back down the USD and interest rates; these developments will shows what’s next for gold and silver. Besides digesting the FOMC’s decision, the main ... (full story)