CAPITAL MARKETS

Positive vibe for gold as US Fed raises rate as expected

A MIXED, relative muted session for commodity metals after the US Fed raised the benchmark interest rate the expected amount of 0.5% and indicated further rises would be of a similar quantum.

Staff Reporter
Positive vibe for gold as US Fed raises rate as expected

All of which was good for gold, with a commodity strategist telling Bloomberg the relatively small increase(s) in the benchmark meant real rates were set to stay negative for a while and bullion could...

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