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Gold Hits 3-Week Low On Hawkish Fed, Bearish Outside Markets
Gold prices are solidly lower and hit a three-week low in early U.S. trading Thursday, in the wake of the latest FOMC meeting that saw a U.S. interest rate increase.
Read moreGold Bulls Don’t Have Anything To Worry About
Gold bulls have nothing to worry about when it comes to the slightly more hawkish Federal Reserve (Fed) announcement on Wednesday, this according to one Australian economist, who remains optimistic about where gold prices are heading.
Read moreGold Can’t Withstand Yellen’s Inflation Comments, Gives Up Daily Gains
(Kitco News) – The gold market was able to resist a fairly optimistic Federal monetary policy statement, but was unable to hold its daily gains after what appeared to be hawkish comments from the Fed Chair Janet Yellen.
Read moreGold Sinks As Traders Digest FOMC Statement, Yellen Remarks
The gold market saw early price gains erased and fresh selling pressure develop in afternoon dealings
Read moreGold Gives Up Daily Gains As U.S. Dollar Index Recovers
The gold market is presently trading near steady levels on the day, in afternoon trading Wednesday.
Read moreGold Holds Modest Gains In Wake Of Fed Rate Hike
Gold prices have backed off a bit in the wake of the just-concluded FOMC meeting that saw the Federal Reserve raise interest rates slightly.
Read moreGold Prices See Little Reaction As Fed Raises Rates and Sees Moderate Growth
(Kitco News) – Gold prices are holding its earlier gains, after the Federal Reserve raised interest rates, as expected, by 25 basis points but strikes a less dovish tone as it remains optimistic that inflation and economic growth would continue to pic…
Read moreBitcoin ‘Looks Like A Bubble’ – Jim Rickards’ Opens Up On Cryptos
The cryptocurrency craze continues with the leading virtual currency – Bitcoin – trading near record highs.
Only A Matter Of Time Before GLD, Silver See Massive Move Higher – Technical Trader
(Kitco News) – With strong momentum in gold, it could only be a matter of time before the market sees a new multi-year high, according to one technical analyst.
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