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.
Brexit A Factor In June Fed Decision
(Kitco News) – Fed Chair Janet Yellen said that uncertainty ahead of the U.K. referendum, which will decide whether or not to leave the European Union, impacted the central bank’s monetary policy decision.
After the Fed
For the very few that read my musings, I have been consistent on the notion that the Fed made a mistake in December of 2015 and would likely not raise rates in 2016.
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 moreGold Sees Modest Rally After FOMC Makes No Interest Rate Change
Gold prices were modestly higher in late U.S. trading Wednesday, and hit another four-week high, in the wake of a perceived “dovish” FOMC statement that left U.S. interest rates unchanged.
Less FOMC Enthusiasm For Rate Hikes Moving Gold Higher
Kitco News reports on the June Federal Open Market Committee monetary policy decision.
Read moreAureus Mining Announces Equity Financing, Management Changes
Aureus Mining Inc. (TSX, AIM: AUE) announces that it has entered into an agreement for an equity financing with MNG Gold Jersey Ltd., which will result in changes in senior management.
Read moreEmpire State Manufacturing Index Rises To Positive 6.01 In June
The Empire State manufacturing survey shows business conditions in New York improved in June, the New York Federal Reserve said Wednesday.