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The latest news on the bullion market
Ron Schouten | June 15, 2017

The Fed raised its reference-rate into 1.25%, although inflation remains below the target of 2%. The Fed also pointed out how they plan to unwind its balance sheet. They are going to limit each month on how debt they would be buying. The precious metals were mostly down on the rate hike, gold dropped to $ 1257. Analysts of the bullion banks still believe in higher gold prices up to $ 1300/$1400 per ounce at the end of 2017.

Palladium outperformed in June and reached “highs” since 2015. Continued supply deficits remain the cause. Palladium noted all-time highs in euro’s and highs since 2015 in dollars.