iBank Focus: Can Gold Ride on Fed's Delay in Tapering?
hzcapheretGold price remains firm ahead of the October FOMC meeting as investors widely believe that policymakers would leave the asset purchase program unchanged. More importantly, as an aftermath of the 16-day partial governmental shutdown in the US, the Fed would probably delay the schedule of tapering to the first quarter of 2014. Meanwhile, gold's recovery over the past 2 weeks has raised hopes that the metal might gain further and test 1400.
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iBank Focus: Can Gold Ride on Fed's Delay in Tapering?
