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janet yellen

  • Fed Statement Announces Downgraded Outlook on U.S. Economic Growth

    We reported earlier today that gold was holding steady as the market was anticipating a statement from the Federal Reserve and a press conference by Janet Yellen, the Fed’s current Chairwoman. The statement, as expected, announced a downgraded outlook for the U.S. economy and a phasing out of its Quantitative Easing (economic stimulus) program. The Fed had

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  • Gold Steady During Iraq Turmoil and Fed News Anticipation

    Gold is again responding to the conflicts in Iraq and Ukraine and gold bugs are standing by awaiting the next Federal Open Market Committee (FOMC) statement plus Federal Reserve Chair Janet Yellen’s press conference happening this afternoon. So far today in early trading, gold has held steady at $1,271.50 an ounce, only dropping by 50

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  • Gold Steady After U.S. Jobs Data Fails to Meet Expectations

    U.S. jobs data released on Friday showed that non-farm jobs increased by 192,000 in the month of March. Most economists expected this number to be around 200,000. Investors had been concerned that after mostly positive economic news as of late, even more positive data would come out and the Fed would raise the U.S. interest

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  • A Rough Week for Gold, But Still Up 11% in 2014

    Monday gold saw a 6-month high of just over $1,390 per ounce. As the week continued on, however, gold lost about 3% of its value. Tensions in Ukraine have cooled down recently which has also brought gold down. Furthermore, comments from the Federal Reserve this week had an adverse effect on the yellow metal. These

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  • What Does Janet Yellen’s Appointment Mean for Gold?

    Ben Bernanke will be stepping down in late January, most likely giving way for Janet Yellen to take his place as Chairperson of the Federal Reserve. Bernanke was known for a rather loose monetary policy, which is seen by an ongoing quantitative easing program that’s still in place. The big question on most investors’ minds

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  • Gold Gains as the 16-day Shutdown Comes to an End

    Late Wednesday, Congress approved the Senate deal which brought the government shutdown to an end and extended the borrowing limit until February 7th. This brought gold prices soaring over the $1,300 per ounce mark to settle at $1,323 per ounce. This 3.2% increase was the largest single-day gain in weeks. Here is a look at

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