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  • Gold and Interest Rates: What You Need to Know

    As Monday’s blog pointed out, gold bugs are currently juggling multiple economic and geopolitical indicators that are affecting the gold price, one of them being U.S. interest rates. The Federal Reserve is meeting on Tuesday-Wednesday of this week and is expected to announce a raise in short-term interest rates, which have been at near-zero levels since

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  • 5 Reasons for Gold’s Recent Fall in Price

    It is well-known that gold has an inverse relationship with the economy. When the economy is doing well, gold prices tend to fall, and vice versa. This is why gold is oftentimes used as a “rainy day” investment, meant to serve as a safe haven for when the economy takes a downturn. The state of

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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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  • Fed Chair Janet Yellen: “Considerable Uncertainty” of Economic Outlook

    Federal Reserve Chairwoman Janet Yellen testified in front of the Senate Banking Committee this morning regarding the Fed’s economic outlook, accompanying their semi-annual monetary policy report. She hinted that the positive data coming from the labor market has surprised the Federal Open Market Committee, and may lead them to raise interest rates higher and sooner than

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  • Gold Breaks $1300 for First Time in Three Weeks

    Gold has reached a three-week high today as investors who sold their gold before yesterday’s Fed meeting have now bought it back following the announcement hinting at continued low interest rates. Gold for August delivery, by 10:00 a.m. EST when reported on by the Wall Street Journal, was at $1,288.40 per ounce, an increase of

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  • Gold Rises on International Developments – Including the World Cup

    Gold may be headed for a rally on safe-haven demand due to some interesting international developments. Gold for August delivery is up 0.2% to $1,262.40 an ounce today as of about 10:00 am EST. Silver also rose by 0.2%. The World Bank forecasted lower expectations for global economic growth, estimating it will expand by 2.8%

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