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…
Tag: gold
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…
Switzerland’s gold shipments export fell to 10-month lows as gold price surged since April
According to Swiss customs data, Switzerland’s gold shipments to China, India and Turkey fell in April and dropped to 10-month lows amid a surge in gold price. Switzerland is a global transit hub for gold, which is why the country’s customs export data is often used as a market gauge and an analysis which counties…
Gold steadies but still heads for a drop
Gold steadies but still heads for first monthly drop Wednesday as the US House of Representatives appeared poised to pass a bill to raise the US debt ceiling. The House is expected to vote Wednesday Evening to raise debt ceiling and leaders of both Republicans and Democrats indicate that the measure has eought votes to…