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Spot Gold Price Gains With No Change in US Consumer Prices
US consumer prices saw no change according to today’s Consumer Price Index (CPI) report which points to very tame inflation and may impact Federal Reserve policy regarding...
Kansas City Fed President Supported Rate Hike Pause to Measure Impact
On Tuesday Kansas City Federal Reserve President Esther George addressed the question of why she supported a pause in the increase of interest rates, stating that she did so to...
Federal Reserve Balance Sheet Runoff May Be Phased out Says Cleveland Fed’s Loretta Mester
Federal Reserve President Loretta Mester commented on Tuesday, taking part in a panel discussion aimed at shedding light on current economic conditions in the US. Mester stated...
Gold Price Slightly Higher as Possible Deal Reached to Avoid Government Shutdown
The gold market is slightly higher in early action today as stocks soar. News of a possible deal to avoid another government shutdown later this week has fueled a stronger...
Gold Price Preview: February 11 - February 15
Happy Monday, traders. Welcome to another week’s macroeconomic preview. With Valentine’s Day (in the US) waiting for us on Thursday, I’ve tempted to been tempted to open this...
Russia Considers Gold Tax Elimination
The gold market is down slightly in early trade Monday as the new trading week gets underway. The market does have several key underlying bullish factors at play, however...
Gold Price Recap: February 4 - February 8
Happy Friday, traders. I’m usually desperate for the weekend at this point, but we’ve come to the time of year where I feel a little listless looking at a Saturday and Sunday...
St Louis Fed President Says US Likely to Miss Inflation Target
The US economy may be drifting off course when it comes to inflation after a rate hike implemented in December created an overly-restrictive environment, according to St Louis...
Gold Price Reverses Higher as Risk Aversion Sets In
After trading modestly lower in early action, the gold market has seen buyers step in and the market is now moderately higher on the session. Some of the day’s reversal may be...
Initial Jobless Claims Drop From 16-Month High, Gold Price Holds Steady
Gold has held firm in the face of strong labor market report which saw initial jobless claims drop from a one-and-a-half year high last week as expected.
Key Takeaways...
Bank of England Leaves Policy Rate Unchanged at 0.75%
The Bank of England met expectations on monetary policy by leaving the current rate of interest unchanged for the time being, reaching the decision by a unanimous vote.
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Price of Gold Slightly Lower Following State of the Union Address
The gold market is slightly lower in early trade on Wednesday as investors digest last night’s State of the Union address by President Trump. Stocks are also moving lower today...
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