Monday, 21 September 2015

Daily Commodity Market Gold and Silver News

Gold rose to a near three-week high on Friday as the Federal Reserve's decision to leave U.S. interest rates unchanged rattled investors' outlook on the global economy and weighed on equity markets in developed economies. The Fed kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home. It left open the possibility of modest rate rises later this year.

Silver was flat at $15.12 an ounce. After the Federal Reserve decided to leave interest rates unchanged, a majority of Wall Street's top banks now expect the U.S. central bank to begin hiking rates in December, according to a Reuters poll conducted on Thursday.

Twelve of the 17 primary dealers, or the banks that deal with the Fed directly, polled said they expect the Fed to raise rates in December. Two pegged the date in October, and three in March 2016.
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