By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
Federal Reserve
FOMC INTEREST RATE DECISION FEDERAL RESERVE (FED) | NEWS, OUTLOOK & ANALYSIS
Gold Price Prediction: Yellow Metal Drops Below $1,970 | Expected More Rate Hikes This Year
Gold Price Prediction [Forecast]: Gold price (Yellow Metal) has failed in defending its immediate support of $1,970.00 in the Asian session. The precious metal has dropped firmly as the Federal Reserve (Fed) policymakers are confident that more interest rate hikes by the central bank are in the pipeline in the fight against stubborn United States inflation.
Gold Soars to $1,978 After Fed Raises Rates as Expected
Spot gold jumped to $1,978 during Fed Chair Powell’s press conference and then pulled back. A decline in US yields and broad-based Dollar weakness is offering support to the yellow metal, which is up more than 1% on the day. The beginning of the end of the fight against inflation …
Federal Reserve interest rate Decision: What to know in markets on Wednesday, 22 March 2023
The Federal Reserve (Fed) is expected to raise its policy rate by 25 basis points (bps) to the range of 4.75%-5% on Wednesday, 22 March 2023 at 18.00 GMT.
Fed’s Powell is the next major catalyst ahead of Nonfarm Payrolls
Recent comments by Fed officials have reiterated the need to continue hiking rates until they reach at least 5% and a slew of data has pointed in that direction in general. ”Several regional Fed presidents have indicated openness to higher interest rates and larger increases if the data remain strong. It would mark a shift in the Fed’s guidance if Powell articulates similar sentiments at tomorrow’s testimony and a step back from the cautious policy around rates,”.
Fed Minutes Confirm More Hikes to Come – Gold Silver Reports
Fed Minutes: European markets finished the day lower yesterday, despite a softening in yields which was brought about by comments from St. Louis Fed President James Bullard that he envisaged a Fed funds rate of 5.37%.
How Will Gold React to the Federal Reserve Minutes?
“The Gold price reaction to the Fed Minutes could be limited, as traders could see it as outdated and choose to pay more attention to Friday’s United States Core PCE inflation – the Fed’s preferred inflation gauge.”
Gold Dribbles Within $30 Range as Fed Minutes Loom
Gold price (Yellow Metal) probes a two-day downtrend as it treads water around $1,835 during early Wednesday. In doing so, the bright metal remains inside the one-week-old trading range of around $30.00 as traders await the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes. It’s worth noting that the geopolitical fears and the US Dollar’s lackluster moves around the multi-day top seem to add filters to the Yellow Metal traders.
Adding 25 bps to the May FOMC meeting | Gold Forecast after Fed
FOMC meeting: Morgan Stanley upwardly revised its Federal Reserve (Fed) rate forecasts after Fed Chair Jerome Powell’s speech.
Gold price (Yellow Metal) failed attempt to rebound from $1,860, Federal Reserve talks
Gold price (Yellow Metal) failed attempt to rebound from $1,860, as market sentiment stays sluggish amid mixed signals from the Federal Reserve and the geopolitical front. Adding confusion to the metal traders’ minds could be the lack of major data/events. Even so, the bullion remains on the bear’s radar as the United States Treasury bond yields remain firmer.