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Probability of increasing Fed's interest rate reduced to zero

10 November 2016 04:42 (UTC +04:00)

Baku-APA. After the election of the president of the United States, Donald Trump probability of increasing interest rates at the December meeting of the US Federal Reserve reduced to zero, said chief economist of "Saxo Bank" Steen Jakobsen, APA-Economics reports.

According to his forecast, due to the weakening dollar and an increase in the probability of a recession in the United States, the price of gold is expected to increase: “In the future, the price of an ounce of gold could reach $ 1,500,” he added.

According S.Yakobsen, oil prices will also crawl up: "The annual range will expand to 35-70 dollars. At the same time, WTI crude oil can rise to 62-65 dollars, but later fall to 40.”