U.S. Consumer Price Index Rises 0.4% In May
U.S. consumers saw an increase in price pressures in May,
rising for the fourth stragith month, according to the latest data from the
Department of Labor
Gold Rallies to 3-Week High on Dovish Yellen Remarks, Greece Concerns
Gold futures prices are solidly higher and hit a nearly
three-week high of $1,200.00 in early U.S. trading Thursday. The yellow metal
is boosted on short covering and fresh speculator buying–and even some
safe-haven demand.
Gold To End The Year Over $1,200/oz – RBC’s Gero IPMI Survey
Gold was rallied overnight pushing to just below $1,200 an ounce after
comments from Federal Reserve Chair Janet Yellen helped to weaken the U.S.
dollar says commodity analysts at Commerzbank.
Gold Rallies On Dovish Yellen Remarks
(Kitco News) – Gold and silver markets are solidly higher in early U.S. Trading following Tuesday’s FOMC meeting. Short Covering, bargain hunting and some safe-haven demand Are featured in gold.
The 6PM Recap With Gary Wagner: WOW! Special FOMC Report For June 2015 Meeting
We think that in the FOMC press release (which you can read in its entirety below with significant phrases and words bolded), the seeds can be found of a further pushing back of a Federal Reserve interest-rate hike until December. Strikingly, the most …
Read moreGold Prices See Mild Uptick in Wake of FOMC Statement
Gold prices are modestly higher in afternoon U.S. trading Wednesday, in the wake of the just-released FOMC statement that contained no significant surprises.
Read moreFederal Reserve Upbeat On U.S. Economy
Kitco News reports on the results of the June Federal Open Market Committee (FOMC) meeting.
Read moreGold Could Still Benefit From ‘Grexit’ – Capital Economics
Although currency analysts from BNP Paribas are bullish on the U.S. dollar, they do not expect to see a rally following Wednesday’s Federal Open Market Committee meeting. “In the press conference Chair Yellen will likely continue to emphasize that rate hikes are likely coming at some point later this year. However, the meeting may not provide a decisive catalyst for the US currency. Our economists note that the FOMC’s projection ‘dots’ are likely to shift in a dovish direction as the more hawkish members acknowledge that tightening will not begin in mid-2015. The Committee and Chair Yellen will also need to explain its decision to leave rates unchanged now and be sure to avoid signaling lift off at the July meeting,” they say.
Vote Now In The Kitco Weekly Gold Survey
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreToday Is Fed Day
(Kitco News) – Gold and silver futures are under modest selling pressure again Wednesday morning, as technicals continue to favor the bears.
As long as the technicals remain near-term bearish, the path of least Resistance for gold and silver prices will remain sideways to lower.