Gold/USD

The United States Military has never been stronger, or more powerful. No other Nation can do what we do (It’s not even close!). This year we set even more Historic Recruiting Records, months ahead of schedule. Morale has never been higher. Our Military’s unmatched POWER was on full display during our Celebration of 250 Years of American Independence and, like our Country, the WAR DEPARTMENT has never been “HOTTER.” We need to keep it that way, which is why, when Congress returns, we must pass Reconciliation 3.0, with 350 Billion Dollars for Defense, plus THE SAVE AMERICA ACT! I am calling on House and Senate Leadership to make this their Number One Priority, and ensure that 350 Billion Dollars in Recon 3.0 moves out of the Budget Committee as soon as Congress is back in session. The SAVE AMERICA ACT, which everyone is asking for, paired with the full funding of our Great Department of War, can be passed very quickly, ensuring that the United States of America stays FREE for Generations to come. Thank you for your attention to this matter! President DONALD J. TRUMP

It is a very close call whether the Fed will hike rates this year, but on balance, we think it will instead choose to look through a near-term energy spike and hold rates steady for an extended period. The low-hire, low-fire economy means weak wage growth, with real household disposable income having fallen for three consecutive months. Consequently, ...

Gold was little changed as traders awaited minutes from the US Federal Reserve’s last meeting for fresh insights into the path for US interest rates. Bullion was near US$4,165 an ounce in early trading, after slipping 0.3 per cent in the previous session. The Fed will release details of its June meeting later this week, with bets on tighter monetary policy ...

The gold market continues to face solid selling pressure as prices have been unable to break through initial resistance at $4,200, and the precious metal is unlikely to attract renewed bullish momentum as activity in the U.S. services sector remains resilient. The Institute for Supply Management (ISM) announced on Monday that its Services Purchasing ...

Two gold rings aged around 2,000 years old were discovered during an excavation at a new archaeological site in western Thailand, officials said. The rings were found with human bones during an ongoing dig at the Don Yai Thong archaeological site in Phetchaburi province last week, the Thai government’s Fine Arts Department said in a statement. One ring ...

Although gold prices have been unable to break initial resistance above $4,200, one market strategist expects the worst of the selling pressure from the months-long correction may now be over. In his latest precious metals note, Ole Hansen, Head of Commodity Strategy at Saxo Bank, said he believes the price action in the gold market is shifting from ...

Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management, discussed the Federal Reserve's monetary policy outlook, indicating that a rate hike in July is probably off the table and she expects the Fed to stay on hold for the year. Berro also says while the recent payrolls report suggests the labor market is stable, it's not going to ...

In her opening remarks in Sintra, Christine Lagarde reminded the audience that the conduct of monetary policy now takes place in a more volatile and less predictable environment, characterised by a larger number of and more diverse economic shocks. Faced with this uncertainty, the ECB president advocated for a communication style she referred to as ...

Andreas Steno Larsen and Mikkel Rosenvold are back to tackle one of the biggest questions in markets right now: have central banks misread the macro backdrop? The duo breaks down why inflation may be falling faster than policymakers expect, whether investors are once again wrong on oil, and what the latest developments in the Middle East mean for energy ...

FED'S WALLER: FED POLICYMAKERS HAVE ALWAYS BEEN COMMITTED TO INFLATION TARGET, IT IS A ‘CREDIBLE PLEDGE’ Fed's Waller: The risks have flipped around, the labor market seems stabilized, and inflation has been taking off, which changes how you think about policy. Fed's Waller when asked about Warsh recommitting to the inflation target: He has never been anything but committed.