Gold Trades Lower, Hits 10-Mo. Low, After Fed Rate Hike
(Kitco News) – Gold prices were trading moderately lower and dropped to a new 10-month low, in afternoon U.S. trading Wednesday, in the aftermath of the Federal Reserve’s Federal Open Market Committee meeting, which saw the Federal funds rate raised by 0.25%, which was expected. February gold was last down $5.50 an ounce at $1,153.00. March silver was last down $0.017 at $16.96.
Gold Falls As Fed Raises Interest Rates As Expected; Sees Three Hikes In ’17
(Kitco News) – In line with expectations, the Federal Reserve has raised the federal funds rate by 25 basis points, to trade in a target range between 0.50% and 0.75%.
Read moreGOLD Outlook – Just In Time For the Holidays
On Friday, we will launch our Outlook 2017: Year of the Raging Bull? It will be chock-full of outlooks and videos. And, there is one outlook that you will not want to miss out on!
Read moreHow Will Gold, Silver Trade in 2017? Outlook Coverage Starts in 2 Days!
How Will Gold, Silver Trade in 2017? Outlook Coverage Starts in 2 Days!
Read moreGold Holding Ground Following Weaker-Than-Expected Retail Sales Data
(Kitco News) – After two strong months of growth in the retail sector, sales last month — during the start of the holiday season — were slightly weaker than economists were expectations.
Read moreU.S. Producer Price Index Rises 0.4% During November
U.S. Producer Price Index Rises 0.4% During November
Read moreGold Slightly Up On Position Evening Ahead Of FOMC Conclusion
Gold prices are slightly higher in subdued early U.S. trading Wednesday, on some short covering and position-squaring in the futures market, and a bit of perceived value buying in the cash market
Read moreCommerzbank, HSBC See Pickup In Indian Gold Demand
HSBC sees potential for Indian gold buying to pick up, and Commerzbank says a slump in the country’s gold purchases already appears to be abating.
Will Today Be Similar To The Fed Announcement In December 2015 For Gold?
Metals firmer ahead of the Fed announcement as traders took some money off their long dollar positions.
Read moreInterest Rates and a 20,000 Dow
In an astonishing combination of unrelated events, tomorrow’s Federal Reserve decision could be the final impetus that motivates traders to push the Dow Jones Industrial Average above 20,000 for the first time in history.