kinesismoneysystem

Can gold price finish strong as markets enter the last full week of the year? hawkish Federal Reserve has knocked gold back below $1,800 an ounce, but the precious metal is starting to retrace its gains heading into the weekend. Analysts warn of additional volatility during the last full week of the year. The big news markets are still digesting is the aggressive Fed message, with rates peaking above 5% next year. The median forecast for next year shows that…

Gold, silver hit hard by hawkish Fed, surge in greenback Gold and silver prices are sharply lower in midday U.S. trading Thursday. The precious metals bulls were running for cover today amid sharp gains in the U.S. dollar index and in the aftermath the FOMC meeting that sees the Federal Reserve still leaning hawkish on U.S. monetary policy. February gold was last down $32.00 at $1,786.00 and March silver was down $0.836 at $23.305. A still-hawkish Federal Reserve had traders…

Tough talk by Chairman Powell signaling more rate hikes over a longer time span As expected, the Fed announced its decision to raise its benchmark rate by 50-bps. This takes the central bank’s “Fed funds” rate to between 425 – 450 bps (4 ¼% – 4 ½%). However, it was Chairman Powell’s comments regarding his policy outlook during the press conference that garnered the most attention. Market participants and analysts were looking for insight into the forward guidance of the…

Slightly cooler U.S. inflation report boosts gold, silver Gold and silver prices are solidly higher in midday U.S. trading Tuesday, but down from daily highs, following a slightly tamer-than-expected U.S. inflation report. Gold surged to a five-month high and silver a seven-month high right after the report’s release. February gold was last up $26.70 at $1,818.90 and March silver was up $0.407 at $23.81. The U.S. consumer price index report for November showed a rise of 0.1% from October and…