[youtube dJNs0UaUz0w]
Peter Hug joins Kitco News ahead of the Federal Open Market Committee minutes release Wednesday to see if he thinks gold may get a boost this afternoon. “We all know the Fed wants to raise rates,” he says. However, Peter says there has been no economic data that would suggest the Fed is in any hurry to do so. “I’m still in the camp that we may not see a rate increase until 2016,” he says. Peter adds that he doesn’t expect the central bank to be extremely hawkish as it may boost the dollar, which is something they are probably trying to avoid. “I think they’re happy with dollar consolidation. I don’t think it’s in the Fed’s interest to come out with hawkish wording that would ramp the dollar to parity to the euro. It’s hurting the multinationals in the U.S.” Finally, Peter comments on the boost seen in European stock indices on Wednesday and gives his take on the economic recovery in the eurozone. Tune in now for more from Kitco’s Global Trading Director, Peter Hug, on this latest edition of “For Pete’s Sake.” Kitco News, April 8, 2015.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
Be the first to comment