Gold Could See Short-Covering Rally Post-FOMC – Analysts
(Kitco News) – It only took a few minutes for markets to discount July’s Federal Open Market Committee (FOMC) policy meeting, and shift gears towards September.
Gold Near Steady as FOMC Statement Not a Big Markets-Mover
Gold prices were trading near steady Wednesday afternoon in the wake of the Federal Open Market Committee (FOMC) meeting’s conclusion and statement that was deemed neutral to maybe just a bit dovish. December Comex gold was last up $0.90 at $1,097.70 an ounce.
Federal Reserve Stands Pat, Continues To See Moderate Economic Growth
Kitco News reports on the Federal Open Market Committee July monetary policy statement
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 moreFinancial Institutions Slow To Implement New Benchmark Reforms – U.K. Regulator
(Kitco News) – Financial institutions have been slow to initiate reforms almost three months after new regulations were implement to increase the oversight of market benchmarks, including those for silver and gold, the Financial Conduct Authority said…
Read moreDespite Equity Selloff, China Will Be Fine – BBH
Despite the selloff in Chinese equities, with some analysts comparing it to the 1929 Wall Street crash, one bank says it will not necessarily have negative effects on the country’s economy, or even in the yuan’s quest to becoming a world reserve currency.
U.S. Pending Home Sales Fall 1.8% In June
Kitco News reports on U.S. pending homes sales index for June
Read moreRandgold Continues To Invest In Loulo Mines
Centerra Gold Inc. (TSX: CG) reports net earnings of $21.9 million, or 9 cents per share, in the second quarter, a turnaround from a net loss of $31.7 million, or 13 cents, for the same period in 2014.
Read moreUBS: Physical Demand For Gold Emerges
There are indications of physical demand for gold starting to develop and support the market, says UBS.
Read moreGold Slightly Down as FOMC Statement Looms
Gold prices are trading just below unchanged in a subdued market place Wednesday morning.
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