Gold Sharply Up, Hits 2-Year High, On Easy-Money Fed, Safe-Haven Demand
A feature in the entire world marketplace Thursday is the rally in the gold market that has pushed prices to a two-year high of $1,316.80 an ounce, basis August Comex futures.
Read moreU.S. Weekly Jobless Claims Rise 13,000 To 277,000
U.S. Weekly Jobless Claims Rise 13,000 To 277,000
Read morePhiladelphia Fed Manufacturing Index Rises To Positive 4.7 In June
U.S., economy, Philadelphia Federal Reserve index, Kitco, news
Read moreU.S. Core Inflation On The Rise Hitting 2.2% For The Year
(Kitco News) – U.S. consumer price pressures increased albeit at a slightly slower pace than expected last month, according to the latest data from the U.S. Labor Department.
Read moreFed Rate Indecision Boosts Gold; RSI Flashes ‘Overbought’ – optionsXpress
Gold could rally by as much as 10% and hit $1,400 an ounce should U.K. voters opt next week to leave the European Union
Read moreClose To A Break-Out
Here we are with gold above the $1,300 handle as prospects for a Fed rate increase this year have almost evaporated.
Read moreEasy-Money Fed Pushes Gold to 2-year High
A feature in the marketplace Thursday is a rally in the gold market that has pushed prices to a two-year high above
$1,315.00 an ounce.
Weaker Dollar And Other FOMC Fallout Push Gold And Silver Higher
The relatively dovish statement delivered by Fed chairwoman Janet Yellen confirmed what most of us knew beforehand. That is, that given economic conditions in the U.S. and the rest of the world, the Fed would leave rates as they were.
Read moreSchool’s Out For Summer, Fed Says
the Federal Reserve sent a strong signal that it now expects only one interest rate hike this year — the Federal Open Market Committee (FOMC) left interest rates unchanged Wednesday within its range between 0.25% and 0.50%.
Read moreTwitter Poll Shows Retail Investors Bullish On Gold Post-FOMC
As investors are still digesting the latest Federal Open Market Committee meeting and Fed chair Janet Yellen’s comments, a Kitco News twitter poll showed that they were a little more optimistic on gold’s reaction to today’s data.
