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The Federal Reserve announces that they will begin to taper asset purchases this month As expected, today, after the November FOMC meeting, both the statement and press conference by Jerome Powell acknowledged that they will begin the process of tapering their monthly asset purchases this month. Starting this month, they will reduce their monthly purchases […]
Gold price is a cheap hedge as Fed can't control supply-side inflation pressures – abrdn The Federal Reserve is on the cusp of shifting its monetary policies, but it won't be enough to stop the growing inflation pressures, and it is only a matter of time before investors return to gold to protect their wealth, […]
Gold price and silver price to 'eclipse' record highs in 6 months, this is the trigger It's been "a mad world" out there with record-high equities, real estate and more. But the long-awaited surge in gold and silver is coming in the next six months, said Mike Larson, senior analyst at Weiss Ratings. "If you're […]
Gold price at daily highs as ISM Manufacturing Index retreats but beats expectations in October Gold prices ticked to daily highs as the headline manufacturing index from the Institute for Supply Management retreated in October but came in above expectations. The ISM manufacturing index was at 60.8% last month, beating the consensus forecast of 60.5%. […]
Tale of two factions – those that believe the Fed will remain hawkish, and those that believe the Fed can't Gold prices dropped dramatically in trading today, making an intraday low of $1772.40. As of 3:25 PM EDT, gold futures are fixed at $1784.80. Today's selloff was predicated by dollar strength, with the dollar index […]
How bad will it get for gold price next week as markets eye Fed's tapering? The persistent inflation narrative is forcing markets to price in more aggressive central banks, with next week's key announcements from the Federal Reserve and the Bank of England on everyone's radars. All of the gold's gains above $1,800 an ounce […]
Gold modestly up in choppy trading, supported by big drop in USDX Gold prices are mildly higher in midday trading Thursday, on a choppy and two-sided trading day. Solid losses in the U.S. dollar index today are prompting some buying interest in the precious metals markets. A U.S. GDP report that was downbeat and which […]
Gold, silver gain as U.S. dollar, bond yields decline Gold and silver prices are higher and near their daily highs at midday Wednesday, supported by a weaker U.S. dollar index and falling U.S. Treasury yields on this day. Trading was choppy and on both sides of unchanged today, as traders are awaiting new fundamental developments […]
Gold prices to remain below $1,900 through 2022 – Haywood Securities The gold market remains in a long-term uptrend. Still, it needs to get through its current consolidation period, according to one investment firm. In a report published Tuesday, analysts at Haywood Securities said they are lowering their price targets for this year through 2022 […]
The Fed won't be able to get inflation under control, gold price is going much higher – Wilshire Phoenix Investors are once again turning to gold, pushing prices back above $1,800 an ounce, and one firm expects gold prices to continue to move higher as it is unlikely the Federal Reserve will be able to […]