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Hansen: Oil and gold's fate rests with the Fed
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Saxo Bank’s Ole Hansen looks at how the first US Federal Reserve rate hike in almost a decade could impact gold and industrial metals and why the FOMC decision could help OPEC win its ongoing fight with US shale producers.
Markets are eagerly awaiting the outcome of the September 16-17 FOMC meeting which could have great impact on several commodities and the direction prices will take.
Hansen sets out his trading strategy around the FOMC meeting as well the levels he is looking for in oil and gold prices.