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Trump near Fed decision; gold on the move

Published 10/23/2017, 12:34 PM
© Reuters.  Trump near Fed decision; gold on the move
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  • The president tells reporters he's "very, very close" on his pick for the next Fed chairman.
  • Betting markets have current Fed Governor Jay Powell as most likely to be nominated. A new wrinkle has some expecting Stanford Professor John Taylor to maybe come aboard as vice-chair.
  • The comments have sent gold (NYSEARCA:GLD) higher by about $9 per ounce, now up 0.2% on the session. Neither Powell nor Taylor would necessarily be considered "dovish" though.
  • Now read: GLD: The Bull Market Is Very Much Alive And Well

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