U.S. Rate Hikes: ‘Not Necessarily Bad For Gold’ – WGC Year-End Gold Report
Despite an expected new U.S. interest rate-hike cycle, which many expect to weigh on gold prices, the World Gold Council says they remain optimistic for the yellow metal in an environment of rising interest rates next year.
Read moreGold Holds On To Early Gains Following As-Expected Fed Rate Hike
Gold prices were trading higher in afternoon dealings Wednesday and holding on to early gains in the aftermath of the first interest rate increase from the U.S. Federal Reserve since 2006.
As Expected Fed Raises Interest Rates For First Time In More Than Nine Years
(Kitco News) – In line with heightened expectations, the Federal Reserve has raised interest rates by 25 basis points, bringing the Fed Funds rate to a range between 0.50% and 0.25%.
Read moreU.S. Mint Silver Coin Sales Reach All-Time Highs For Third Year Running
(Kitco News) – The U.S. Mint announced that the sale of American Eagle silver bullion coins reached an all-time high for the third consecutive year.
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Read moreAnalysts: Producers Would Feel Pain If Gold Was Below $1,000 For Extended Period
Gold-mining companies will feel pain if the price of the metal should fall below $1,000 an ounce stay there, analysts and fund managers said.
Read moreDespite Pre-Fed Rally, Gold Could Still Hit $1,000/oz – Jim Rogers
Gold prices rebounded ahead of the much-anticipated Federal Reserve meeting set to conclude Wednesday afternoon, which markets suspect will usher in the first U.S. interest-rate rise in nine years.
Read moreGold Extends Early Gains Ahead of FOMC Conclusion
Gold prices are trading solidly higher and near the session highs in late-morning dealings Wednesday.
Read moreNichols Sees Rising Gold Even In Period Of Tightening U.S. Monetary Policy
Look for gold to rise going forward even if U.S. interest rates increase, says Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic advisor for Rosland Capital.
Read moreGold Up on Position Evening Ahead of FOMC Conclusion
Gold prices are moderately higher in early U.S. trading Wednesday, on some short covering, position evening and some bargain hunting ahead of this afternoon’s FOMC meeting conclusion.