The dollar and gold markets are holding steady in anticipation of the Federal Reserve's upcoming rate decision. Morgan Stanley strategist Amy Gower expects gold to face downward pressure if the Fed raises interest rates.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Dollar steady ahead of Fed decision; Aussie falls after inflation data Reuters
Gold holds steady ahead of Fed's rate decision Reuters
Amy Gower, lead metals and mining strategist at Morgan Stanley, says she would “expect gold to be under some pressure” in the case of an interest-rate hike from the Federal Reserve as she examines the path forward for the precious metal. (Source: Bloomberg)