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interest rates

  • Fed ends quantitative easing program, Alan Greenspan praises gold?

    The Federal Reserve concluded its monthly meeting today, in which it decided to end its quantitative easing (QE) program and continue to keep interest rates low for a “considerable time”. These announcements were in line with analyst expectations. You can see the full official statement here. The Fed’s QE program, introduced in 2008, involved the central bank

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  • Gold reaches near 4-week high on lower dollar, Fed uncertainty

    Gold rose on Monday, with the spot price hitting a near four-week high of $1,237.30 an ounce, amid a drop in the dollar and uncertainty over when the Federal Reserve might raise interest rates. The previous week gold posted a 2.7% gain, its largest weekly gain in four months. The minutes from the Federal Reserve’s mid-September meeting were

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  • Gold gets boost after Fed shows concern over dollar, economic growth

    Gold prices received a boost of about 1% on Wednesday as minutes from the Federal Reserve’s mid-September meeting were released. The minutes showed concern from the central bank about the strengthening dollar and weak economic growth in Europe and Asia. The Wall Street Journal explains: Officials worried at the Sept. 16-17 policy meeting that a burgeoning U.S.

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  • This Week in Gold: U.S. Dollar Infographic, Market Happenings

    This week in gold, we shared an infographic depicting what $1 buys you then vs. now and covered notable movements in both the stock and gold markets. While markets may fluctuate, remember that physical gold is seen as a long-term investment offering real value and peace of mind that your wealth is protected. Infographic: “Then vs. Now:

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  • Dow Falls on Worries about Global Growth

    U.S. stocks fell to their lowest levels since mid-August on Wednesday, as the Dow Jones Industrial Average lost 235 points, or 1.4%, the S&P 500 lost 27 points, or 1.4%, and the Nasdaq Composite Index lost 77 points, or 1.7%. Gold futures gained 0.3% to $1,214.60 an ounce. Stocks began to decline later in the day after

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  • This Week in Gold: Interest Rates, Fed Meeting, Scotland Decides

    This week in gold, we saw a few interesting events unfold that each had an influence on gold, such as the latest Federal Reserve statement and the Scottish independence referendum. We also took a look at gold’s controversial relationship with interest rates and how the world’s nations rank in terms of gold holdings and production. With

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  • Gold Feeling Effects of Fed Meeting and Scotland’s Independence Vote

    Gold fell and then stabilized on Wednesday afternoon as the Federal Reserve released a policy statement upholding its plans to keep interest rates near zero for a “considerable time” (read the full statement here). Around 2:53 p.m. EDT, gold for December delivery fell by $3.90 to $1,232.80 an ounce on the Comex. It finished the session at $1,235.90, which

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  • Gold Higher on U.S. Jobs Data, ECB Making Moves, Dollar Still Strong

    Gold for December delivery traded higher on Friday morning by 0.3% at $1,270.20 an ounce, up from $1,264 before the latest U.S. jobs data was released by the Labor Department at 8:30 a.m. EDT. Gold is being pushed in many different directions by economic cues such as a stronger U.S. dollar and the European Central Bank adopting a looser monetary policy. Here are the

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  • Mixed Sentiments in Latest Federal Reserve Meeting Minutes

    Minutes from the U.S. Federal Reserve’s late-July policy meeting released on Thursday were mixed in terms of a possible earlier interest rate hike. Market reactions were mixed as well, as gold fell to a two-week low, bond yields dipped, and stocks and the U.S. dollar fell at first but then rallied. “The hawkish voices within the Fed have become louder. While

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  • What to Watch for at This Week’s Federal Reserve Meeting

    It’s a big week for United States economic data, with the Federal Open Market Committee (FOMC) meeting on Tuesday-Wednesday, second quarter GDP figures being released on Wednesday, and employment data coming out on Friday. Markets are already reacting, with the 24-hour gold spot price reaching a one-week high of $1,312 per ounce early Tuesday morning, and

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