Gold Lower, Hits 3-Week Low, In Aftermath of Hawkish FOMC Minutes, Firmer USDX
Gold prices are lower and notched a three-week low in early U.S. trading Thursday, on follow-through selling pressure in the wake of bearish FOMC minutes released Wednesday afternoon.
Read moreMarkets Surprised By Fed’s Hawkish Tone: Why?
As expected the Fed minutes indicated a hawkish tone that appears to have taken the market by surprise. Other than Chair Janet Yellen, the Fed players have been consistently hawkish.
Read moreCommerzbank: FOMC Minutes Could Cool ETF Gold Buying, Spec Net-Long Positioning
Hawkishly construed minutes of the April Federal Open Market Committee meeting, released late Wednesday, could cut into exchange-traded-fund buying of gold and speculative net-long positioning in the futures market, says Commerzbank. Gold came under pr…
Read moreGold Lower In Aftermath Of FOMC Minutes, And On Firmer Greenback
The marketplace is still digesting the minutes of the latest Federal Open Market Committee (FOMC) meeting, which were released Wednesday afternoon.
Read moreBayer Eyes $42 Billion Monsanto in Quest for Seeds Dominance
Bayer AG made an unsolicited takeover offer for Monsanto Co. in a bold attempt by the German company to snatch the last independent global seeds producer and become the world’s biggest supplier of farm chemicals.
Gold Sees Moderate Selling Pressure After FOMC Minutes Suggest June Rake Hike
Gold prices are moderately lower in afternoon U.S. trading Tuesday, pressured by just-released FOMC minutes that were deemed to favor the hawkish camp on U.S. monetary policy.
Read moreFOMC Minutes Show Support For June Rate Hike
(Kitco News) – There is a growing divide within the Federal Open Market Committee according to the minutes of the April monetary policy meeting.
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 moreLook For Helicopter Money, Not Rate Hikes Says Marc Faber
NEW YORK (Kitco News) – One famed economist, known for his usually “gloomy” economic outlook, says he doesn’t see the Fed’s tightening cycle continuing this year.
Gold vs. the Fed
Has gold rallied too far or will the trend in Federal Reserve (Fed) tightening expectations continue towards reduction, potentially shifting back to easing?
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