Gold Price was moederately higher during US trading Wednesday and only showed little initial reaction to the US central bank raising its main interest rate by 25 basis points. The Federal Reserve’s Open Market Committee (FOMC) said that the US economy is growing moderately in the statement. Traders would like to see if Fed Chair…
Category: Investment
The world is big enough for both the United States and China to live together
US Treasury Secretary Janet Yellan said that the talks with Premier Li Qiang and Communist Party chief of China’s central bank Pan Gongsheng was direct, substantive, and productive. Yellen’s trip marked the second visit by a US cabinet offical to the Beijing in a matter of weeks. “No one visit will solve our challenges overnight….
Sotheby’s upcoming auction | THE CARRERA COLLECTION PART 1: SWITZERLAND
A word that needs no translation to enthusiasts, Carrera evokes the spirit of competition. More than any other marque, Porsche constructed their identity around this quality—the golden Carrera script on the decklid of a 356 or 911 sports car indicates an extraordinary vehicle, built to be equally adept on roads and racetracks. The Carrera Collection…
The debate over more rate hike at the Fed was intense.
Federal official vigorously discussed if rate hike will be continued or not accordingly to minutes from the most recent meeting. Some Federal officals believed that it would be important to monitor closely the potential effects of banking-sector developments on credit conditions and economic activity. While it is not clear when Federal officials plan to have…
All eyes on interest rates as Fed prepares to meet.
Gold slips early Mondays as investors are waiting for direction from the next US Federal Reserve meeting on Wednesday. 美联储准备召开会议，市场关注利率走向。 投資者正在等待週三美聯儲下次會議的指示，黃金週一早盤下滑。 Disclaimeri The views expressed in this article are those of the author and may not reflect those of Art-Invests. The author has made every effort to ensure accuracy of information provided; however, neither Art-Invests…
Gold price still shows resilience
Gold price shows resilience with holding critical support around USD 1,950 an ounce even amid an expected tight moneary policy from US Federal Reserve. In an inverview with Kitco News, Carley Garner, co-founder of the brokerage from DeCarley Trading, said that she remains bullish on gold market in the long term, now is not the…