TD on gold - see the USD holding it back

Author: Eamonn Sheridan | Category: News

A comment from TD on gold reported overnight by Reuters . 

Analysts at the bank say that the Federal Reserve not being worried about inflationary pressures and thus maintaining an accommodative policy is a positive for gold. On the other side for gold though, if the US dollar stays relatively strong it could "be tough for gold to take off". Attention for both factors is on the Federal Open Market Committee meeting September 20-21.


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