Gold's potential is on the rise
New signs of the US economy's weakness are providing reasons to expect the Federal Reserve to raise its interest rate by 0.50% in December as opposed to 0.75%. This is putting pressure on the dollar. The American currency's weakness could provide gold a chance to rise.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.