China is widely expected to cut its benchmark lending rate on Monday to provide furthersupport for the coronavirus-hit economy, which shrank for the 1st time on record in the 1st quarter.
Real Estate Markets
U.S. Federal Reserve is Expected to Raise Interest Rates, But may cut the number of hikes in 2019
The central bank is due to announce its decision at 2 p.m. EST (1900 GMT) after its final two-day policy meeting of the year. Fed Chairman Jerome Powell is scheduled to hold a press conference half an hour later.
Gold Slides Alongside Equities as Dollar Climbs – Gold Silver Reports
Gold fell alongside equity markets on Monday partly in response to gains in the dollar which is benefiting from a run of strong U.S. economic data reinforcing expectations of further interest rate rises.
Gold Up But on Path for Longest Monthly Losing Streak in Two Decades – GSR
Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the U.S. dollar firmed against the euro after Italy’s budget jitters threatened the European currency.
Trade war eating up China industrial profits – Gold Silver Reports
GSR (Gold Silver Reports) — While other data still have yet to show the trade war impact, industrial profits seem to show that the trade war is eating up profits of manufacturers in China, and even more so for foreign manufacturers.
Fed likely to Raise Rates, Possibly end ‘Accommodative’ Policy Era
Gold Silver Reports (GSR) — Two-day policy meeting could mark the formal end of the “accommodative” level of rates the Fed has used to support the American economy since the onset of the 2007-2009 recession.