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.
Central Banks
Gold Outlook 2020 – Bank of America Calling for $3,000 Gold in 18 Months
Gold has been one of the best-performing asset classes both year-to-date and since 2019. The precious metal has risen by a third since the start of last year, while its 11.8% gain during a risk-off 2020 has only been beaten by the 30-year US Treasury.
MCX Gold Weekly Outlook : Gold Spot Break Above $1400, Central Banks In Focus
Gold Silver Reports (GSR) – Spot Gold jumped in style, breaking above $1400 per ounce and hitting nearly 18 month highs as global equities edged up amid cautious trade.
Fed’s Williams Says New Economic Outlook Necessary For Rate Hikes
New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shift to an unexpectedly higher gear.
LIVE – ECB Press Conference – 13 December 2018
Gold Silver Reports (GSR) — Analysts will likely look out for comments from Draghi on the ECB’s outlook for economic growth and inflation, as well as details on the central bank’s reinvestment plans for maturing bonds.
Draghi: Central bank Independence
Advanced economies are now emerging from the aftermath of the great financial crisis. Despite facing the largest shock in the postwar period, central banks have succeeded in maintaining price stability and fulfilling their mandates.
ECB’s Draghi Speaks After Central Bank Leaves Rates Unchanged
European Central Bank President Mario Draghi is speaking at a press conference Thursday following the institution’s decision to leave its benchmark interest rate unchanged.
ECB’s Draghi says incoming data has been weaker than expected
Draghi: Significant stimulus still needed for inflation
Draghi says ECB ready to adjust all instruments as appropriate
Monetary Policy Decisions
Gold Silver Reports (GSR) – At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.