Gold Silver Reports (GSR) – New York Fed President John Williams said the Federal Reserve “will be likely raising interest rates somewhat.” The recent winning streak began when Fed Chairman Jerome Powell warned last Wednesday of slowing demand abroad, fading fiscal stimulus at home and the lagged economic impact of the Fed’s past rate increases, suggesting that a pause in tightening may well come in 2019.
Neal Bhai
JP Morgan economists said the Economy Should Grow at a Slower Pace of 1.9 Percent From the Fourth Quarter’s Year over Year Rate of 3.1 Percent
The economist say the slow down from a “boomy” 3.1 percent in year-over-year fourth quarter growth will come as fiscal, monetary and trade policy get less supportive or more restrictive.
Gold Inched lower on Tuesday, Pressured by Dollar
Gold inched lower on Tuesday, pressured by a slight uptick in the dollar and held a narrow range in light trade ahead of the U.S. Thanksgiving holiday.
Commodity Updates: Brent Crude Recovers, Gold Slides
Commodity Updates: Brent Crude Recovers – Brent crude rose 1.25 percent lower at $63.31 a barrel. It slumped 6.4 percent yesterday, the lowest level in nearly a year.
MCX Copper Big Short Covering Rally – Neal Bhai Reports
Gold Silver Reports (GSR) – Copper on MCX settled up 1.43% at 442.9 after a Trump administration official told the list of items that China said it was not willing to negotiate was unacceptable to the United States.