Gold is higher this week with the precious metal rallying 4.74% to close at $1280 on Friday, its largest weekly gain in nearly 2 years. The advance comes amid a larger correction in the U.S. Dollar which came under tremendous pressure mid-week after the release of the minutes from the latest FOMC meeting and subsequent comments from FED
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Russian gold/fx reserves rise to $522.4 bln
by erevnon.com
Russia’s gold and foreign exchange reserves rose to $522.4 billion in the week to March 22 from $520 billion a week earlier, central bank data showed on Thursday. The central bank provided the following figures […]
Fed rate decision, as Brexit remains in focus
by pnik
Federal Open Market Committee (FOMC) is widely expected to hold its benchmark Federal Funds Rate steady upon the completion of its June monetary policy meeting. The FOMC has left the target range of the Fed […]
Gold rallies as dollar sinks
by erevnon.com
Gold for August delivery (CNS:GCQ3) climbed $39.40, or 3.2%, to $1,286.60 an ounce in electronic trade. The signal that the Fed will likely maintain an accommodative policy stance boosted gold prices, as quantitative easing by […]

