Gold Could See Tapering As Soon As November – Investing.com

Gold Could See Tapering As Soon As November – Investing.com

It’s Powell’s doing, as always... the Chair signaled that tapering could be announced as soon as next month. What does this mean for bulls?

In the latest edition of the Fundamental Gold Report, I covered the FOMC’s on monetary policy and the dot-plot. I concluded that “gold will struggle until the Fed’s tightening cycle is well underway”. As the chart below shows, the yellow metal has been struggling for the most part of this year, and I don’t expect any shifts from that trend anytime soon.