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Gold Weaker Ahead FOMC Conclusion, Yellen Presser

Gold prices are moderately lower in early U.S. trading Wednesday, on some profit-taking pressure from recent gains and on position evening by the shorter-term futures traders, ahead of this afternoon’s FOMC meeting conclusion.

Gold Weaker Ahead Of FOMC Conclusion

World stock markets saw corrective rebounds Wednesday, after absorbing losses in recent sessions.

Gold Battles To Gains On The Day In Spite Of Dollar Strength

Raise your hand if you are eagerly awaiting tomorrow’s FOMC statement and glad to get it off of our backs? Thank you. We are also wishfully wanting the Brexit vote to be over, but we have another nine days before that insanity plays out on June 23rd.

The oddest and most annoying aspect of both events is that in reality their outcomes would not really have much of an effect on the broader economy of the world.

Gold Near Steady In Choppy, 2-Sided Trade; FOMC Results Awaited

Gold was ending the U.S. day session near steady Tuesday, in a choppy trading affair that saw prices visit both sides of unchanged.

European and British Investors Flocking To Gold Ahead Of Brexit

Market anxiety is at extremely levels with just over one week to go before the U.K. referendum on whether or not to remain part of the EU and European and British investors appear to be flocking to gold.

Can Gold Be Used To Treat Cancer?

The word ‘gold’ is not usually associated with the health industry, as it has been representing wealth and splendor for millennia.

Gold Within Spitting Distance Of $1,300 As Bund Yield Drops To Negative Territory

European gold demand is expected to pick up as investors are faced with new historic lows in bond yields, according to analysts.

Eldorado Gold Announces Renewed Revolving Credit Facility

Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) officials say they have renewed the company’s revolving credit facility. The amended agreement includes available credit of $250 million, an “accordion feature” of $100 million, and an extension of the term to June 13, 2020 from Nov. 23, 2016.

BMO: Silver Lagging Gold But Expected To Continue Moving Higher

Analysts at BMO Capital Markets say silver has been lagging gold again lately, but they expect silver to continue moving higher later this year.

The Future Is Looking Dimmer On A Daily Basis

Metals are unchanged awaiting clarity from the Fed, which begins it’s two= day meeting today. If you believe the bookies, the U.K will likely stay connected to the E.U. albeit straw polls indicate the opposite.