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: inflation
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 nearly reached USD 2,050 per oz
Gold spiked to nearly USD 2,050 per troy ounce this morning amid the US inflation report, then dropped nearly USD 20 per oz on profit taking. Lask week, US Federal Reserve announed a rate hike of 0.25 percenrage point. In general, higher interest rates are typically bearish for yellow metals – Gold and make precious…
It is the first time that the extreme wealth and extreme poverty have increased simultaneously for in 25 years.
The extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. The world’s wealthiest residents, which are around 1% of the global populations have been getting far richer. The wealth accumulation of these super-rich accelerated far faster than the rest of the wolrd else over the past two years according…
The inflation is making the West difficult to go further on Russian oil
European Union and the United States have barred the import of Russian oil to cut off the revenue source for Kremlin and force Vladimir Putin to reconsider the war in Ukraine. However, it seems like this measure hasn’t worked. When EU and the US looked at the data, they found that Russia is making just…