Gold Prices After aggressive selling pressure last week, gold prices bounced off the rising trend line from June. Now, XAU/USD has taken out the 100% Fibonacci extension at 1984, exposing the 123.60% level at 2058.
Federal Reserve System
Negative Interest Rates From the US Federal Reserve Any Time Soon – Gold Silver Reports
While joining the chorus of policymakers and analysts, Goldman Sachs also rules out negative interest rates from the US Federal Reserve any time soon in its latest client note.
Gold Stop Loss $1750 – Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Gold Seller Your Stop Loss is $1750 (Hold Sell With Stop Loss) – Fed Chair Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Coronavirus Impact – Wall Street Sinks Again on Fed Warning of Prolonged Recession
Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.
The Fed is not considering negative interest rates
Fed Chair Jerome H. Powell said the central bank is not considering lowering interest rates below zero, saying that negative rates are not necessary given the Fed’s other tools.
The Fed is Showing Reluctance To Go Negative, But Such a Move Can’t be Ruled Out
Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told MasterMind Update Monday that he wouldn’t rule out the possibility after experiencing the financial crash.
Federal Reserve Keeps Interest Rates Unchanged – Gold Silver Reports
The Federal Reserve said Wednesday that it would keep the benchmark interest rate at its current range of 1.5%-1.75%, a widely expected decision that ends the Fed’s rate-cutting streak.
Powell Analysis: Fed may cut rates in 2020, but the dollar moves to Trump’s tune
The central bank is ready to respond to a slowdown – or “material reassessment.” That is the critical part from the prepared remarks that Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, has prepared for his testimony. The Fed is content with the current state of the US economy and with its policy – but is ready to cut interest rates once again. That may happen in 2020.
Fed Again Cuts Interest Rates as Economic Growth Slows, Powell Says Policy in Good Place
Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.
Gold Prices up as US-China trade talks, Markets Eye Fed Rate Decision
Gold eased on Monday after jumping 1% in the previous session as progress in U.S.-China trade talks limited further gains, and as caution set in ahead of this week’s U.S. Federal Reserve meeting.