Gold Dumps On Fed News As Markets Price In June Rate Hike

May 4, 2017

Gold takes it on the chin as the markets interpret the FOMC Announcement yesterday to keep a June rate hike fully in play. Furthermore, silver continues to lose to gold via the gold silver ratio. Lastly, copper prices sink off of a stunning 32% increase in LME Warehouse Stocks.

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U.S. ranks third in world gold production with 240 tons per year