This is what it sounds like, when doves cry ….Apologies in advance for the earworm but we could not resist.

The BIG event this week, besides Justin Trudeau causing hearts to swoon during his U.S. tour, was the Fed’s monthly Federal Open Market Committee meeting. The FOMC statement was deemed dovish and quelled expectations of a recovery in the U.S. economy.

Kitco’s global trading director, Peter Hug says the central bank still left a possible increase on the table but given the global scenario, he thinks the Fed is “boxed in” and will not move this year. “In a nutshell, the Fed will continue to remain at the liquidity party and if issues warrant, may even add some spike to the punchbowl.”

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