Gold Silver Reports (GSR) – “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the U.S. central bank a week before it meets in Washington to discuss monetary policy.
Interest Rates
China is Buying & Accumulate More and More Gold as the Trade War Drags on
Gold Silver Reports (GSR) – China extended its gold-buying spree, adding to reserves for a sixth straight month, as the protracted trade war with the U.S. hurts growth expectations and boosts demand for a portfolio diversifier.
European Central Bank (ECB) said it would Delay its First Post-Crisis interest Rate Hike until at Least the Middle of Next Year.
Gold Silver Reports (GSR) – The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year. In a move that was well-flagged, ECB President Mario Draghi also offered to pay banks if they borrow cash from the central bank and pass it on to households and firms.
Fed Minutes: No Rate Moves are Coming ‘for Some Time’ Even if the Economy Improves
Gold Silver Reports (GSR) – Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.
Does Supply and Demand Really Influence Gold Prices?
Does Supply and Demand Really Influence Gold Prices?
Gold is an enigma. Certainly, gold has practical applications. It conducts electricity, does not tarnish, can be drawn into wire and hammered into thin sheets.
Draghi: The Governing Council stands ready to adjust all of its instruments
Draghi: The Governing Council stands ready to adjust all of its instruments to ensure that inflation continues to move towards the inflation aim
RBI Lowers Repo Rate by 25 bps to 6%, Second Cut in Two Months
GoldSilverReports.com — RBI Repo Rate Cut – The Reserve Bank of India (RBI) today cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%.
Video News – Fed Leaves Interest Rates Unchanged, Signals no Increases this Year 2019
✅ The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
Fed Keeps Interest Rates Unchanged; Signals No More Increases Likely This Year
The Federal Reserve expressed increasing concern about slowing economic growth as it left interest rates unchanged on Wednesday and showed little appetite for raising them in the near future.
Fed Hikes Rate, Lowers 2019 Projection to 2 Increases
Gold Silve Reports (GSR) – As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25 percent to 2.5 percent.