Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019.
Interest Rates
Fed Expected to Hike Rates Twice More This Year and then Risk a ‘Policy Mistake’ – Gold Silver Reports
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.
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.