Will FOMC Rally Gold This Week? -- "Chat This!" on Kitco News

The Fed, US dollar, Europe and stocks are all on investors' minds and Gary Wagner is on Kitco News to discuss what this all means for gold prices. With regards to Wednesday's FOMC policy announcement, Wagner says he doesn't expect anything "mind-bending" to come out of the meeting. "It is widely touted at this point that tapering really cannot begin this year and probably won't begin until Q1 or Q2 of next year," he adds. When looking at the correlation between gold prices and equities, Wagner says something interesting is developing. "You typically do not see both gold and the equities markets running in the same direction," Wagner says. "What we're getting now is the perception that 'no tapering' is bullish for equities as well as being bullish for gold." Finally, Wagner talks about European news and notes that the US dollar has been under pressure vis-à-vis the Euro. He goes on to comment on what this can mean for gold. Watch now to see Wagner's analysis of the gold market for this week. Kitco News, October 28, 2013.