Economics
Gold Extends Advance as Fed Decision Breathes Life Into Demand
- Bullion set for biggest weekly gain since July as Fed on hold
- Traders are looking to add to gold positions: RJO’s Haberkorn
Is Investor Appetite for Commodities Picking Up?
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Gold’s on a roll, courtesy of the Federal Reserve.
The precious metal is heading for the biggest weekly advance since July after U.S. central bankers opted to leave interest rates unchanged while reining in their outlook for future increases. Investors added 6.3 metric tons to exchanged-traded funds backed by gold this week through Thursday, data compiled by Bloomberg show.