kinesis money system

Questions arise about next FOMC meeting will their decisions remain data-dependent

Questions arise about next FOMC meeting; will their decisions remain data-dependent Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the calendar year 2023. But before Federal Reserve officials meet for the first time this year on Friday, January 27 the government will release its latest data on inflation vis-à-vis the core PCE for December. Currently, the forecast for this week’s core PCE report is that inflationary pressures will continue to…

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Gold futures remain steady as investors await the PCE report and FOMC meeting

Gold futures remain steady as investors await the PCE report and FOMC meeting Gold futures traded marginally higher as market participants focus on next week’s FOMC meeting. As of 4:00 PM EST, the most active February contract of gold futures is up $3.80 and fixed at $1932. Silver futures traded under pressure with the most active March contract currently down $0.37 and fixed at $23.565. The dollar had little influence on precious metals pricing today with the dollar index in…

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Gold price eyes 1950 but it might have to wait until the Fed meeting before moving on to 2000 – analysts

Gold price eyes $1,950 but it might have to wait until the Fed meeting before moving on to $2,000 – analysts Gold's January rally took prices to nine-month highs Friday, with the precious metal up more than 5% since the start of the year. But industry experts are not ruling out some consolidation ahead of the Federal Reserve's February meeting. Gold hit a nine-month high of $1,939 an ounce Friday on bullish technical momentum and safe-haven buying. At the time…

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Gold prices holding steady gains above 1925 as US existing home sales drop 15 in December

Gold prices holding steady gains above $1,925 as U.S. existing home sales drop 1.5% in December Gold prices, while down from their nine-month highs, are holding modest gains following another drop in U.S. existing home sales, according to the latest report from the National Association of Realtors (NAR). Friday, the association said that existing home sales fell 1.5% to a sales rate of 4.02 million homes in December, the market's eleventh consecutive drop. Although home sales continued to decline into…

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Solid gains for gold on bullish charts some safe-haven buying

Solid gains for gold on bullish charts, some safe-haven buying Gold prices are solidly higher and near this week’s nine-month high in midday U.S. trading Thursday. The technical traders continue to flow to the long side of the gold market due to bullish charts. Some modest safe-haven demand may be surfacing due to worries about the U.S. government going into default on its debt. February gold was last up $13.40 at $1,920.50 and March silver was up $0.048 at $23.695.…

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Profit taking routine corrective pullbacks for gold silver

Profit taking, routine corrective pullbacks for gold, silver Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. (Kitco News) – Gold and silver prices are weaker in midday U.S. trading Tuesday, after gold scored a nine-month high overnight. Normal downside price…

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Gold’s bull market is just beginning as European fund managers take a bigger stake – HANetf

  Gold's bull market is just beginning as European fund managers take a bigger stake – HANetf The gold market has started 2023 on solid footing and one European-based fund sees strong potential as investors take a renewed interest in the precious metal. In November, analysts at HANetf surveyed 100 European and British wealth fund managers, and according to the results, 89% of respondents said that they intend to increase their exposure to gold in 2023. According to the survey,…

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Gold silver kick off 2023 in style

Gold, silver kick off 2023 in style After a well-earned break, we are back in action… and what a time to be covering precious metals! Gold and silver are starting the year off on the front foot, with gold ending the first full trading week of the year at a nine-month high above $1,920 an ounce and silver prices solidly back above $24 an ounce Gold prices are actually up nearly 5% since the start of the year, and while…

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Traders bid stocks gold and Silver higher but is the optimism warranted?

Traders bid stocks, gold, and Silver higher, but is the optimism warranted? Market participants continue to react to the bullish market sentiment created by yesterday's CPI report. Inflation came in at 6.5% year-over-year last month, which is the sixth consecutive month that inflation has diminished since the peak of 9.1% in June. Accoring to the BLS, "The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in…

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The Fed’s use of data-dependent decisions can’t be applicable only when it supports their beliefs

The Fed's use of data-dependent decisions can't be applicable only when it supports their beliefs Considering that as recently as June we had the highest level of inflation recorded in the last 40 years today’s CPI report from December was a welcome change as inflation continues to slowly dissipate. Just six months ago overall inflation peaked at an alarming 9.1%. The historical rise in inflation was a long process after coming in at 0.329% in April and 0.118% in May…

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