Gold one of the few beneficiaries of Fed’s hesitancy

Commodity markets initially welcomed the US central bank’s decision to keep interest rates on hold on Thursday, but the mood soon cooled. Indeed, the Fed’s hesitancy only appears to have reinforced investors’ worries about the global economy, rather than reassure them, leaving gold as one of the few beneficiaries.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.