Gold Silver Reports (GSR) — A full 98 percent of the 46 respondents, who include economists, fund managers and strategists, see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. And 96 percent believe another quarter-point hike is coming in December.
Interest Rates
MCX Gold Prices Ready for Blast Above @30533 Buy on Dips
Gold Silver Reports (GSR) – MCX Gold Prices Ready for Blast Above @30533 Buy on Dips — MCX Gold Prices settled up 0.48% @30670 as Wall Street stocks tumbled and the dollar fell as rhetoric from U.S. President Donald Trump and Chinese officials fed worries about a possible trade war, and after U.S. jobs data came in weaker than expected.
Gold Lost The Most in 11 Weeks as The Dollar Gained
Gold Silver Reports – Gold lost the most in 11 weeks as the dollar gained on speculation that the Federal Reserve is still on track to boost U.S. interest rates this year.