Precious metals, including gold and silver, are rebounding amid growing expectations the Federal Reserve (the Fed) will ease its aggressive policy of hiking interest rates. This has eased pressure on gold and silver with expectations November may be the central’s bank final hefty rate hike, with chair Jerome Powell likely to pursue a more conservative agenda over the following months.
Gold is now up 2.23 percent for the week, and is currently trading at $1,672 per ounce. This is way below its peak this spring, when prices rallied to $2,034…Gold And Silver Inch Higher On Hopes That The Fed Will Slow Hikes
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