They see almost no chance for a rate increase at the September or November Fed meetings.
Federal Reserve Chair Janet Yellen may struggle later this week to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar.
Yellen will deliver the keynote speech at a global central banking conference in Jackson Hole, Wyoming, on Friday, an event that Fed chiefs have traditionally used to signal the direction of monetary policy.
Fed policymakers began this year with the wind at their backs, having pushed through a rate increase in December, the first such move in nearly a decade. Their forecasts at the time suggested an economy strong enough to withstand four more hikes in 2016.
This may be the last time that we see gold and silver prices this low...
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