![Gold Ready to Move Target price $1877 By Neal Bhai [26-01-2022]](https://www.goldsilverreports.com/wp-content/uploads/2019/12/Jerome-Powell-gsr-145.jpg)
The Federal Reserve said Wednesday the coronavirus pandemic already has caused “tremendous” health and economic hardship, and warned the damage to the US economy will continue along with high unemployment.
US Federal Reserve
Gold Below $1562, MCX Below 41840 Buy Karna Mana Hai – Neal Bhai
The rate of 10 gram 22-carat gold in Mumbai was Rs 36,535 plus 3 percent GST, while 24-carat 10 gram was Rs 39,886 plus GST. The 18-carat gold quoted at Rs 29,914 plus GST in the retail market.
Fed Again Cuts Interest Rates as Economic Growth Slows, Powell Says Policy in Good Place
Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.
Gold Prices Hit a Lifetime High, Bullion Dealers have Started Luring Customers with 1 per-cent Discount
Gold Silver Reports (GSR) – As the price of gold hit a lifetime high, bullion dealers have started luring customers with 1 per cent discount for rolling over their working capital, to remain afloat in this business.
Growth Stumbling But Central Bank Arsenals are Near Empty
Gold Silver Reports – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty.
US Fed ‘Patient’ on Further Rate Hike: FOMC Minutes
The latest minutes of the US Federal Reserve (Fed) monetary policy meeting showed that the central bank was still “patient” on further rate hikes.
Fed says Minutes to be Released on Time as Offices Close
The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
Fed’s Kashkari says Powell is ‘coming around’ to his Dovish view
Gold Silver Reports (GSR) — Fed’s Kashkari: Rate hike pause keeps U.S. growth on track — The Federal Reserve’s decision to stop raising interest rates puts a “fundamentally healthy” U.S. economy on track to further growth, Minneapolis Federal Reserve Bank President Neel Kashkari suggested on Sunday.
US Political & Economic Woes Hurt Dollar Boosting Demand For Gold Prices
Despite majority of geo-political and economical issues being initiated by USA, the US dollar basked in all its glory as a safe haven asset backed by strong fundamentals in form of positive US macro data, multiple fed rate hikes and positive price action in US bond market.
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.