Iraq Insurgency News Lifts Gold, But FOMC Meeting May Limit Gains
Gold futures rallied this week on news of insurgents capturing a key city in Iraq, and market watchers said continuing fighting could underpin the yellow metal; however, with the Federal Reserve meeting later in the week, gains could be capped if traders turn their attention back to the stabilizing U.S. economy.August gold futures rose Friday, settling at $1,274.10 an ounce on the Comex division of the New York Mercantile Exchange, up 1.72% on the week.
“Iraq Insurgency News Lifts Gold, But FOMC Meeting May Limit Gains” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.