Gold Silver Reports – Gold dropped a little on profit selling today as investors turned their eyes to comments from several Federal Reserve officials. Gold futures consolidated a little yesterday as poor speculative demand capped the metal.
Fed
Gold Down on Fed Rate Hike Expectations
Gold Silver Reports — Gold Down on Fed Rate Hike Expectations — Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week.
FOMC Meeting Date March 14-15
Gold Silver Reports — The dollar benefited last week from comments from various Federal Reserve officials regarding the potential for an interest rate increase at the March 14-15 FOMC meeting.
Bullion Market Ignores Yellen
Gold Silver Reports — Even Janet Yellen can’t seem to distract the Bullion (Gold) market from this week’s Brexit vote. In congressional testimony, the Fed chair signaled that her optimism in the U.S. economy had softened.
Federal Reserve Raising Interest Rates Report
Gold Silver Reports — Gold climbed to the highest in four weeks as uncertainty mounts over the potential risks if Britain decides to leave the European Union, and as traders price in zero chance of the Federal Reserve raising interest rates at a meeting this week.
Gold Up After Dismal May as Traders Weigh Rate Report
Gold Silver Reports — Gold held the first advance in 10 days as investors looked to the release of U.S. data this week including monthly payrolls that’ll shape the thinking of Federal Reserve policy makers on whether to raise interest rates in the months ahead.
Gold at Risk of Taking a Tumble
Gold Silver Reports — Gold at risk of taking a tumble as a resurgent dollar erodes demand with the Federal Reserve opting for not one, but two rate increases before the year-end, according to UBS Group AG’s wealth-management unit, which forecasts that bullion may drop back to $1,150 an ounce.
Dollar Rally Weighs on Gold
Gold Silver Reports — Open mouth, move the dollar. Comments by Federal Reserve Bank of Philadelphia President Patrick Harker late
Gold Traders Remain Bullish – Buy on Dips
Gold Silver Reports – Gold traders are still bullish on gold, even after a selloff brought on by expectations of faster U.S. rates increases following the release of Federal Reserve minutes this week.