FOMC minutes show a Fed confident in labor stability but uncertain about inflation, and increasingly divided on the rate path
(Kitco News) – The minutes from the January 27-28 Federal Open Market Committee (FOMC) meeting showed members expecting tariff-driven inflation to ease as the year rolled on, but with a large degree of uncertainty about the timing, and with the labor market appearing to stabilize after cooling, several members supported a two-sided statement of monetary policy risk, while two dissented on the rate hold, preferring a quarter-point cut.
Read morePrecious metals took the stairs up, but the escalator down, and speculators remain in the driver’s seat – Ross Norman
(Kitco News) – Gold’s relative outperformance of silver and the PGMs reflects deeper institutional commitment to the yellow metal, but the entire precious metals complex is still following speculative flows more than fundamental factors, according to Ross Norman, CEO of Metals Daily.In a recent analysis, Norman explained that precious metals prices once again followed the familiar pattern of taking the ‘stairs’ incrementally higher, before riding the ‘escalator’ lower again – slowly up, then rapidly down.
Read moreGold, silver rally on bargain buying
(Kitco News) – Gold and silver prices are sharply higher near midday Wednesday. Prices are seeing corrective bounces from Tuesday’s losses, as well as some perceived bargain hunting.
Read moreSpot gold spikes to $4,969/oz after U.S. housing starts rise 3.9% in November, 6.2% in December
(Kitco News) – Gold prices are trading near session highs this morning after the latest data showed the U.S. housing market improving more than expected in November and December.Housing starts rose 3.9% in November to a seasonally adjusted annual rate of 1.322 million units, the Commerce Department announced on Wednesday. The data was better than expected as economists looked for a decrease to 1.270 million units. October’s number was 1.246 million units.
Read moreGold near session highs after U.S. durable goods post -1.4% loss in December
(Kitco News) – The gold market is trading near session highs and approaching $5,000 per ounce after the latest economic data showed sales of durable goods for December fell less than expected.The Commerce Department announced Wednesday that U.S. durable goods orders fell -1.4% in December, following November’s unrevised increase of 5.3%. The data was better than expected, as the consensus view of economists called for a decrease of -2.0%.
Read moreBitcoin Feb. 18 daily chart alert – Mid-week price pause
(Kitco News) – Wednesday, February 18–February bitcoin futures prices are near steady in quieter U.S. trading early Wednesday. Not much new, technically, at mid-week. Bears have the firm overall near-term technical advantage as prices are in a do…
Read moreGold market analysis for February 18 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreGold market analysis for February 18 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreGold, silver see price gains as FOMC minutes on deck
(Kitco News) – Gold and silver prices are higher in early U.S. trading Wednesday, with silver again leading to the upside. Prices are seeing a corrective bounce from Tuesday’s losses, as well as some position evening ahead of this afternoon’s FOMC minutes.
Read moreGold, silver see price gains as FOMC minutes on deck
(Kitco News) – Gold and silver prices are higher in early U.S. trading Wednesday, with silver again leading to the upside. Prices are seeing a corrective bounce from Tuesday’s losses, as well as some position evening ahead of this afternoon’s FOMC minutes.
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