Gold Silver Reports – Gold is heading for the biggest weekly drop since May as investors anticipate higher U.S. interest rates and progress on tax reform buoys the dollar, deepening a slump for the metal that touched a one-year high as recently as September.
Fed meeting
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
![Fed-Speak: Rate cuts coming [09-09-2024]](https://www.goldsilverreports.com/wp-content/uploads/2017/09/Fed-neal-bhai-reports.jpg)
The Fed Evans Say Fundamental are Strong
Gold Silver Reports – The Fed Evans Say Fundamental are Strong – Chicago Fed dove Evans said U.S. fundamentals are really very strong and he suspects the wage story is improving, though he wonders whether a little more accommodation is needed to get to the 2% inflation target by 2019.
Gold Seen Rising to Four-Year High as Fed ‘Gentle’ on Rates
Gold Silver Reports — Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on U.S. employment and wages, according to two analysts attending a conference in Singapore this week.
Global Gold Prices Steady ahead of US Fed Meeting
Gold Silver Reports — Gold prices were steady on Tuesday as investors waited for the start of a two-day US Federal Reserve meeting where the central bank is widely expect to raise interest rates.
Gold Slip Near 4-Week High Ahead of Fed Meeting
Gold Silver Reports — Gold inched down on Tuesday but stayed near a four-week high touched in the previous session as investors waited for clues from a two-day U.S. Federal Reserve meeting beginning later in the day and Britain’s June 23 vote on whether to leave the European Union.
Gold Fell Lowest in Almost 2 Weeks Ahead of Fed Meeting
Gold Silver Reports ~ Gold fell to its lowest in almost 2 weeks on Tuesday ahead of a Fed meeting that is expected to give clues on the pace of future U.S. rate rises.