Wednesday, December 14, 2016

PRECIOUS-Gold hits 10-month low as Fed signals faster rate hikes in 2017

* Spot gold prices turn negative after Fed statement

* Fed raises U.S. interest rates 25 bps as expected

* Dollar index turns higher after Fed statement

(Recasts following Fed statement, updates prices; adds comment,

byline, NEW YORK dateline)

By Marcy Nicholson and Eric Onstad

NEW YORK/LONDON, Dec 14 (Reuters) - Gold turned lower and

tapped the lowest in more than 10 months on Wednesday, after the

Federal Reserve raised U.S. interest rates by a quarter point

and signaled a fas

Read more

No comments:

Post a Comment