FOMC Statement Wednesday PM Could Move Markets
Kitco News – Gold prices are near steady as a subdued market place is awaiting the Federal Open Market Committee (FOMC) meeting’s conclusion and statement later Wednesday.
Read moreThe 6PM Recap With Gary Wagner: U.S., European Equities Rise While Shanghai Continues Slip
Led by energy stocks, the Dow and S&P 500 rose around 1.00% today, reversing the struggles and narrow-range volatility they’ve experienced recently.
Subtle Changes To Fed Statement Could Be Gold Negative – Analysts
(Kitco News) – With markets pricing in an interest rate hike later this year, economists and analysts are expecting the Federal Open Market Committee (FOMC) to be fairly tight-lipped on trajectory of future monetary policy Wednesday.
Read moreGold Ends Near Steady On Position Squaring Ahead of FOMC Statement
Gold prices ended the U.S. day session near unchanged levels but up from the daily lows seen earlier Tuesday.
Read moreSilver Continues To See Positive Broad-Based Demand – Silver Institute
(Kitco News) – Despite the recent price weakness, there is still a lot of potential for silver as the market continues to see broad-based demand, according to the Silver Institute.
Read moreFreeport-McMoRan Undertaking Review For Cost-Cutting Measures
Employees at Stillwater Mining Co.’s(NYSE: SWC) Stillwater Mine and Columbus processing facilities rejected a tentative labor agreement reached on May 27, the company reports.
Read moreU.S. Consumer Confidence Falls To 90.9 In July
Kitco News reports on the Conference Board Consumer Confidence Index for July
Read morePicking Gold’s Bottom Right Now ‘Not Smart’ – Triland Metal
Gold-coin sales in the U.S. remain brisk, says Commerzbank. Data on the U.S. Mint Website show that sales of American Eagle coins so far this month are 157,500 ounces.
Read moreFed Might Actually Help Gold Market – Co-founder DeCarley Trading
Gold prices remain volatile on day-one of this month’s Federal Open Market Committee monetary policy meeting, and one senior commodities strategist says the central bank may actually help gold.
Gold Weaker on Bearish Technicals, Outside Markets; FOMC on Deck
Gold prices are modestly lower in early U.S. trading Tuesday. A calmer market place Tuesday, bearish outside market forces on this day and a negative chart posture are all allowing the gold sellers to remain confident.
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