Gold futures climbed higher on Friday and are now back above the key $1800 an ounce level amid news that the Federal Reserve will keep rates low for the foreseeable future.
Though Federal Reserve chairman Jerome Powell said Friday morning via a virtual Jackson Hole Symposium that the Fed planned to taper its $120 billion worth of monthly bond buying purchases later this year, he indicated that the Central Bank is still committed to keeping interest rates low. (Story continues below.) Record low rates combined with recent inflation data has investors worried that inflation will depress the value of the […]
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