No Good End In Sight
All asset classes are higher following the Fed’s inaction. The Fed and global central banks are begging politicians to assist through fiscal policy.
Sales Of U.S. Existing Homes Fall 0.9% To 5.33 Million Rate In August
Sales of previously owned U.S. homes fell by 0.9% in August to a seasonally adjusted and annualized pace of 5.33 million, according to a report Thursday from the National Association of Realtors.
Read moreGold Hits 2-Week High as U.S. Dollar Index Continues To Slide
Gold prices are trading near their daily highs in late-morning dealings Thursday.
Read moreSNL: July-August Spending On Gold Exploration Up From Year Ago
Spending on gold exploration in July and August was up sharply from a year ago, says SNL Metals and Mining Research.
Read moreHow Far Has The Fed’s Long-Term Interest Expectations Fallen?
(Kitco News) – Although the Fed is on tap to raise interest rates in December, analysts note that gold is holding gains because expectations for long-run interest rates show an ever decreasing trajectory.
Read moreGold Prices Unfazed By 8K Drop In Weekly Jobless Claims
(Kitco News) – The gold market is holding its ground following a bigger-than-expected drop in weekly jobless claims.
Read moreGold, Silver Bulls Basking Following Dovish Central Bank Meetings
Gold and silver markets are seeing follow-through buying interest following good gains posted Wednesday, in the aftermath of central bank meetings in Japan and the U.S. that were deemed dovish on their monetary policies.
Read moreHSBC: Potential For Higher U.S. Rates May Curb Gold’s Rally
Gold was boosted Wednesday by the Federal Reserve’s decision to once again leave interest rates steady, yet the rally now could be curbed by a case for higher rates after division among Fed policymakers, says HSBC.
World Stock Markets In Rally Mode Following Dovish Central Bank Meetings
(Kitco News) – Global stock markets were mostly higher Thursday following central bank meetings in Japan and the U.S. that were deemed dovish on their monetary policies.
Dollar adds to losses as Fed’s credibility questioned
The dollar lost ground against most of its rivals early Thursday, adding to the prior day’s losses that came as the Federal Reserve stood pat on interest rates.