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Gold gains traction as Fed hints at a pause after raising rates ¼% The Federal Reserve concluded this month's FOMC meeting and as expected the Fed raised its terminal rate by ¼%. This takes the Fed benchmark rate to between 5% and 5 ¼%. Most importantly, after 10 consecutive rate hikes the Fed signaled that […]
Gold surges as concerns of banking crisis and the debt-ceiling crisis re-emerge With the FOMC meeting to conclude tomorrow the Federal Reserve will most likely announce a ¼% rate hike and attention has shifted away from the Fed as market participants focus on other potential calamities within the financial markets. Genuine angst regarding the debt […]
Gold, silver back off after better-than-expected U.S. manufacturing reports Gold prices are moderately lower and silver has lost all the big early price gains in midday U.S. trading Monday. Some upbeat U.S. economic data and positive remarks from the head of the largest U.S. bank worked to pressure the two precious metals markets. June gold […]
Mastercard launches Crypto Credential for a more secure, verified blockchain experience Mastercard has announced the launch of Crypto Credential in an effort to establish a set of common standards and infrastructure that will help attest trusted interactions among consumers and businesses using blockchain networks. According to the announcement posted on Friday, Crypto Credential is […]
Gold market is in 'buy the dip' mentality until Fed's messaging, analysts watching Powell's banking sector comments – analysts Gold is stuck in a tight range, with the "buy the dip" mentality dominating the market. Investors are keenly watching the Federal Reserve's widely expected 25-basis-point rate hike next week. But if markets interpret the messaging […]
Gold Price News: Gold Set for Monthly Gain as Attention Turns to Rate Decisions Gold continues to trade just below $2,000 an ounce with the precious metal set to record a second monthly gain on the back of investors’ rush to safe havens earlier in the month. While gold may have dipped slightly from the […]
Gold a bit weaker following downbeat U.S. GDP data Gold prices are modestly down in midday U.S. trading Thursday, in the aftermath of a major U.S. economic report that was weaker than expected and falls into the camp of those expecting a U.S. economic recession. Such a scenario would likely mean less consumer and commercial […]
Gold weaker as U.S. Treasury yields up-tick Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! (Kitco News) – Gold prices are modestly down and silver near steady in midday U.S. dealings […]
Gold consolidates but remains on a 'golden cross path' higher – NDR's Tim Hayes The gold market could continue to consolidate around $2,000 an ounce as the Federal Reserve prepares to raise interest rates one last time and then hold the line until inflation is under control, according to one analyst. However, even this new […]
Info from Thursday’s GDP and Friday’s PCE report will guide investors This week will contain two exceedingly important government reports on the US economy. These two reports will be exceedingly important in guiding the final decision of the Federal Reserve at the FOMC meeting next week. Beginning on Thursday the Bureau of Economic Analysis (BEA) […]