Gold Showed little reaction to widely expected 0.25% Fed rate hike

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…

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…