Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year.
Interest Rate Hikes
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.
Powell Lauds Economy as Fed Nudges Up Interest-Rate Hike Path
Gold Silver Reports (GSR) – Powell Lauds Economy as Fed Nudges Up Interest-Rate Hike Path — Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected.
The Fed Is Signaling More Than 3 Interest Rate Hikes for 2018
Gold Silver Reports (GSR) – The Fed Is Signaling More Than 3 Interest Rate Hikes for 2018 — Market participants are preparing for the Federal Reserve to raise its forecasts for interest-rate hikes when it releases its Summary of Economic Projections this week. Rather than focus on the projections themselves, pay attention to the risks they imply. Is the Fed more likely to raise rate expectations further as the year progresses, or will policy makers back down to the three rate hikes projected last December? In recent weeks, the Fed has signaled that the former is more likely than the latter.