The inflation beast is growing stronger. Unfortunately for gold prices bulls, we cannot say the same about the yellow metal. Is sacrifice going on tomorrow?
Global Economic
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Powell And Gold – The Fed May Announce Tapering in November
Powell And Gold – The Fed could announce tapering as soon as November. It all depends on whether the substantial further progress test for employment will be met or not. For Powell it is now “all but met”, even though it could happen as soon as the next meeting. After all, many of the FOMC members believe that this test has already been met:
Fed on Track for Q4 2021 Taper: FOMC Minutes
The FOMC minutes have been released and there was some confusion on the release as to whether they were dovish or hawkish.
US Jobs Report Coming up | Indian Rupee Defend | Neal Bhai
US Jobs Report Coming up: It felt like the market didn’t want to commit in either direction on Thursday, perhaps wanting to take some time to hold up and reflect ahead of today’s US jobs report.
Gold Price Analysis: Gold Refreshes Weekly high above $1,780 on Biden’s ‘Joint Congress’ speech
Gold Price Analysis: Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. In doing so, the yellow metal takes the bids for the second consecutive day on the weaker US dollar. Recently propelling the commodity prices are the comments from US President Joe Biden.