World Stock Markets Mostly Up On Ideas FOMC Will Not Raise U.S. Interest Rates
(Kitco News) – Asian and European stock markets were mostly higher overnight, boosted in part by a rebound in the raw commodity sector to start the trading week.
Overreaction to Small Up Move in Inflation Pushes Gold Down
The mindless mood swings continue regarding the upcoming FOMC meeting, which concludes on Wednesday. Today many markets once again overreacted to the scantest “hawkish” data release, that of the Consumer Price Index for August.
Gold Investors, This Is How To Play Next Week’s Fed Meeting – Analysts
(Kitco News) – After weeks of back-and-forth speculation, leading to increased volatility, the Federal Reserve will release its much-anticipated monetary policy decision, which could end up being positive for gold prices.
Read moreGold Anchored By Fed Meeting…We Get It – Gold Survey
The Federal Reserve is in the spotlight next week as investors anxiously wait on the central bank’s important September meeting to see if they will hurt gold by hiking interest rates.
Great Recession Déjà vu? House Of Cards Built On Debt
The world is awash in debt –both at the government level and the individual level. In the second quarter, U.S. consumers racked up $34.4 billion in credit card debt, which is the largest second-quarter accumulation since at least 1986, according to WalletHub’s 2016 Credit Card Debt Study.
Gold, Silver Down On Bearish Outside Mkts, Slightly Hotter U.S. CPI
Gold and silver prices are trading moderately lower in early U.S. trading Friday.
Read moreGold Losing Ground As Inflation Heats Up
Kitco News reports on the August U.S. Consumer Price Index
Read moreGold, Silver Slightly Lower On Bearish Outside Markets
Gold and silver prices are trading slightly down in early U.S. trading Friday.
Read moreDismal India Gold Demand Should Start To Pick Up – Commerzbank
The sharp rise in the price of gold could be weighing demand for the yellow metal in India, one of the top two gold consuming nations in the world.
Read moreMetals Remain in Tight Range
Metals continue to drift with the Asian markets closed overnight. Traders will watch C.P.I. data for the U.S. expected at 8:30 grasping for any indication of what the Fed will do next week.
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