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China’s gold market saw ETF liquidations and low futures volumes in August as stocks surged, but jewelry sales and imports rebounded
China’s gold market saw liquidations in physical stocks and ETFs and declining futures volumes as investors booked bullion profits to rotate into surging stocks, but a rebound in jewelry demand and an uptick in imports combined with the ongoing price rally bode well for investment demand, according to Ray Jia, Research Head, China at the World Gold Council (WGC). Jia noted that gold recorded another month of solid price gains in August. “This is mainly supported by higher inflation expectations, intensifying expectations of a Fed cut and continued dollar weakness,” he said. “Meanwhile, sustained geopolitical ... (full story)
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Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen. In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4‑1/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. FOMC STATEMENT COMPARE: pic.twitter.com/6gTcajtaKz One dissenter: Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting. FED SAYS DOWNSIDE RISKS TO EMPLOYMENT HAVE RISEN
From vtmarkets.com | Sep 17, 2025
Deutsche Bank has increased its 2026 gold forecast to an average of $4,000 an ounce. This revision is driven by ongoing central bank purchases, largely led by China, and expected U.S. Federal Reserve rate reductions. Previously predicted at $3,700, the updated forecast suggests that gold’s value may remain higher than fair-value models. Analyst Michael ...
From thegoldforecast.com | Sep 17, 2025
Gold futures experienced a notable decline in trading today, settling $32.90 lower at $3,694.60, representing a 0.88% decrease from the previous session. The precious metal's retreat came in the wake of the Federal Reserve's decision to implement a 25 basis point interest rate cut, a move that had been widely telegraphed by market participants and monetary ...
