Gold Recovers while Oil Dips ahead of FOMC, Housing Data
BonTradeGold price edges higher while crude oil trades a tad lower amid renewed worries over European deficits problems and the impacts on economic growth. A dovish FOMC statement may delay market expectations of a Fed rate hike. This would be positive for gold price as low rate environment reduces opportunity cost of owning gold. However, slowdown in growth and inflation should weigh on prices of energies and base metals as demands will be affected.
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Gold Recovers while Oil Dips ahead of FOMC, Housing Data
