Marketplace Still Digesting Hawkish FOMC Statement
Gold prices have weakened in the wake of a surprisingly hawkish FOMC statement that came out Wednesday afternoon.
Read moreThe 6PM Recap With Gary Wagner: Lift off in 10-9-8-7 – Houston we have a problem
The central bank concluded this month’s FOMC meeting earlier today, alluding to the potential that rate hikes or “lift off” could still begin in December 2015.
Gold Loses Gains In Wake Of Hawkish FOMC Statement
Gold prices were modestly lower in afternoon U.S. trading Wednesday, following a surprisingly hawkish-construed FOMC statement by the U.S. central bank that fell into the camp of the precious metals markets bears.
Read moreUPDATED : 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.
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