-
Spot Gold Jumps as Fed Seen Moving Closer to Cutting U.S. Rates
Spot gold climbed after the Federal Reserve signaled a readiness to cut U.S. interest rates, citing increased economic uncertainties. While policy makers left their key rate unchanged on Wednesday, they dropped a reference in their statement to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year. Gold has posted four straight weekly gains, partly on bets that the Fed will lower interest rates amid signs that escalating trade disputes are affecting the U.S. economy. Low rates are a boon to precious metals, which don’t offer yields. “Even though the Fed didn’t ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 19, 2019 4:23pm Jun 19, 2019 4:23pm
- GoldGrilz
- | Joined Jun 2010 | Status: Member | 79 Comments
- Comment #2
- Quote
- Jun 19, 2019 4:50pm Jun 19, 2019 4:50pm
- Metallurgy
- Joined Jun 2019 | Status: Member | 21 Comments
GOLD All Time Return:
113.2%
- Comment #3
- Quote
- Jun 19, 2019 5:53pm Jun 19, 2019 5:53pm
- EventsTrader
- Joined May 2019 | Status: iTrade | 204 Comments
We must learn who is gold, and who is gold plated
- Comment #4
- Quote
- Jun 19, 2019 6:16pm Jun 19, 2019 6:16pm
- 676f6c64
- | Joined Jun 2019 | Status: Member | 226 Comments
If you have faith in our leaders of commerce, don't buy gold.
- Comment #5
- Quote
- Jun 19, 2019 10:38pm Jun 19, 2019 10:38pm
- GoldGrilz
- | Joined Jun 2010 | Status: Member | 79 Comments