Gold Silver Reports — The top three most-actively traded gold options are bets on further price gains. The price on the option giving holders the right to buy bullion futures for April delivery at $1,250 an ounce tripled by 10 a.m. on the Comex in New York, with volume more then doubling from the previous day. Futures headed for the steepest climb in eight months on Thursday.
Gold Silver Reports — Federal Reserve officials are widely expected to announce an interest-rate increase this week amid buoyancy in the stock market and indications the U.S. economy continues to grow steadily, without signaling they anticipate accelerating their pace of policy tightening.
Beyond the expected announcement Wednesday of a quarter-point hike in the U.S. central bank’s benchmark rate target, to a range of 0.75 percent to 1 percent, investors will be looking for whether policy makers change their forecasts for the rest of 2017 and beyond.
Gold Silver Reports — The U.S. Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close.
Gold Silver Reports — Janet Yellen’s Outlook for Higher U.S. Interest Rates — They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains.
Gold Silver Reports — The dollar’s best month in more than a year faces one last barrier: Janet Yellen speaks on Friday and any hint that interest-rate hikes will be delayed could spur a reversal for the greenback.
Gold Silver Reports ~ Gold fell as a rally in assets seen as higher risk, such as equities, prompted some investors to cash in gains sparked the previous day by Fed chair Janet Yellen’s cautious tone on further rate hikes.
Gold Silver Reports ~ Federal Reserve Chair Janet Yellen acknowledged weaknesses in the global economy in prepared testimony to Congress on Wednesday, but indicated that rates could still rise this year, albeit at a slower pace.
Gold Silver Reports ~ Federal Reserve Chair Yellen will defend the U.S. central bank’s 1st rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday.
Neal Bhai Reports ~ The focus this week is on FED Chair Janet Yellen’s testimony before the Committee on Financial Services and Committee on Banking, Housing, and Urban Affairs on the 10th and 11th of February.