The precious-metals complexsaw steady trading Tuesday, with the marketeyeing an expected interest-rate increase bythe Federal Reserve this week.COMEX gold for February delivery, theactive contract, gained $1.80 to close at$1,253.60/oz, while March silver dipped$0.058 to $14.701/oz.“We expect [the Fed] to raise interestrates one more time even though this ratehike is no longer completely priced in, as canbe seen from the Fed Fund Futures,”Commerzbank said in a report Tuesday. “Onceagain, the Fed’s rate hike plans facedheadwind from US President Trump last night,who used Twitter to advise the Fed againstany further rate increase. We do not believethe Fed will pay much attention to this, so itwill be important to see what Fed Chair Powellsays about the Fed’s future interest rate policyat tomorrow’s press conference.”
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