Gold Sells Off, Recovers A Bit, After Seemingly Hawkish FOMC Minutes
Gold prices were trading only modestly lower in afternoon dealings Wednesday, after selling off moderately following an FOMC statement that was initially deemed hawkish on U.S. monetary policy.
Read moreCan’t Keep Gold Down, Prices Near Session Highs In Delayed Reaction To FOMC
(Kitco News) – Gold prices have been hit with continued selling pressure as the minutes from the July Federal Open Market Committee meeting show a spit for an interest rate hike sooner rather than later.
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreBig-time Investors Betting Against Equities, Just ‘Follow the Money’ – Celente
Although its seems a “new day has dawned” with equity markets pushing to record levels, one longtime trend forecaster remains skeptical, especially when he looks to how known investors are placing their market bets.
Too Much Fed Speak A “Disservice” to Market – Gartman
Ahead of Wednesday afternoon’s anticipated release of the latest FOMC minutes, economist Dennis Gartman took to his newsletter to stress that that there is “too much Fed speak” taking place, and too many diverging opinions.
QE Has Done All It Can Do; Recession May Come – El-Erian
There has been too much reliance on the central banks and easy money has been flowing for too long, said Allianz Chief Economic Adviser Mohamed El-Erian on Wednesday.
Read moreCorrection: BlackRock Versus Drukenmiller – Gold Battle Begins
(Kitco News) – There appears to be a battle of the hedge funds playing out in the gold market as some funds continue to add to their positions while others are taking profits.
Read moreSierra Metals Seeks To ‘Aggressively Increase High-Grade Tonnage’ At All Mines
Sierra Metals Inc. (TSX, BVL: SMT) officials say they are encouraged by operational improvements and development efforts at their Yauricocha mine in Peru and its Bolivar and Cusi mines in Mexico.
Read moreRising Short-Term Rate-Hike Expectations Pressuring Gold
(Kitco News) – The gold is being pressured Wednesday morning as short-term interest-rate-hike expectations rise following recent comments from New York Federal Reserve President William Dudley.
Read moreGold Down On Bearish Outside Mkts; FOMC Minutes On Deck
Gold prices are moderately lower in early U.S. trading Wednesday, pressured by bearish outside markets ahead of a key Fed report this afternoon.
Read more