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Published on Oct 14, 2016
Gold
had quite a volatile week, driven by some weak economic data out of
China and rising oil prices. The metal is on track for its third
straight week of declines. Daniela Cambone, editor-in-chief of Kitco
News, said the Federal Reserve is the main, longer-term factor driving
gold prices, with the majority of market participants pricing in a
December rate increase from the Federal Reserve. Cambone also talks
about why the October 20 European Central Bank meeting is so important
for gold prices. TheStreet's Scott Gamm reports from Wall Street.
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