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U.S. Fed’s September Meeting Will Likely Affect Gold Prices

By   /   August 25, 2012  /   No Comments

Gold prices tend to strengthen in the autumn season, and it’s possible they could rise toward levels seen earlier this year, but unlikely to rise any higher than that.  With continuing economic troubles in Europe and Central banks of all major economies stating they will do whatever they can to keep conditions from deteriorating further, gold promoters are claiming inflation is surely on the way and this is good news for gold.  Investors, however, are becoming wary as they have seen no signs of inflation or rising prices.  The collective monetary accommodation by central banks is more likely to have a neutral impact on inflation and little impact on gold prices.  The decisions made at the U.S. Fed’s next meeting in September is likely to have more of an impact.  The Fed has not ruled out monetary easing actions, however, it is clear they are looking for strong signs it is needed before taking those steps.  TheU.S.economic data is mixed and it will probably come down to jobs before a decision is made.  If it’s decided to move forward with monetary easing or if it looks like these actions will be taken in the near future gold prices are likely to rise or at least remain stable.

 

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