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Gold Prices Rise Despite Fed’s Signals on Neutrality by www.expertcommodity.com Gold prices climbed on Wednesday morning in Asia, despite indications that the Federal Reserve might lower interest rates in the next two years. Gold Futures for February delivery hiked 0.18% to $1,250.55 on the Comex exchange, while the U.S. dollar index , tracking the greenback against a basket of six currencies, weakened 0.01% to 97.38. Silver Futures for March delivery also inched up 0.42% to $14.713. “We are in a situation where the U.S. Federal Reserve is starting to signal they may be very close to neutrality, which means just a few more interest rate hikes,” Bart Melek, head of commodity strategies at TD Securities told Experts. “Over the last few weeks, several speakers from the Fed, including Chairman Jerome Powell has let the market know that they will be looking at the data when deciding the monetary policy going forward…The market is interpreting this as lowe...
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