UPDATED : Federal Reserve Stands Pat, Leaves Rates Unchanged Again
The Federal Open Market Committee (FOMC) has announced that once again it is keeping interest rates unchanged, maintaining its zero-bound interest rate target, extending its 9-year run of not raising rates.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreGold Extends Early Gains on Technical Buying and as U.S. Dollar Index Hits Daily Low
Gold prices have added to early gains and are trading solidly higher in late-morning dealings Wednesday.
Read moreNewmont Mining Corp. Announces Two New Board Members
Newmont Mining Corp. (NYSE: NEM) announces the election of Greg Boyce and Julio Quintana to its board of directors.
Read moreGold Up On Short Covering, Bargain Hunting, Bullish Outside Markets; FOMC On Deck
Gold prices are moderately higher in early U.S. trading Wednesday. Short covering in the futures market and perceived bargain hunting in the cash market are featured on this day.
Read moreKITCO CURRENCY CHARTS: Gold Loses Ground In Most Currency Terms Post-FOMC, Except Euro
As markets await Wednesday’s Federal Open Market Committee meeting to conclude, one UK-based research firm says that despite it being a non-event, the central bank may look to make more aggressive policy moves moving forward.
Markets Awaiting FOMC Statement This Afternoon.
Gold prices are firmer this morning, on short covering and bargain hunting.
Read moreThe 6PM Recap With Gary Wagner: Steady and Puzzled Markets Head Nowhere Perhaps Seeking Divine Intervention On Stimulus
Conventionally, people would say: “The dollar is steady before the Fed statement Wednesday afternoon.” We would say: “The dollar, like other markets – with a few exceptions – has no idea what it’s doing.”
Kitco News Recaps Highlights from Industry Experts : LBMA
Kitco News just wrapped its coverage from the London Bullion Association (LBMA) annual gathering in Vienna, Austria.
Read moreGold Demand Up In Q3; Price To Fall Below $1,100 In 2015 – GFMS Gold Survey 2015 Update
As gold demand rose in the third quarter of the year, particularly with higher coin and bar sales as well as official-sector buying, the latest data from Thomson Reuters GFMS shows that analysts expect prices to fall back this year.