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Fed rate decision, as Brexit remains in focus

fed FOMC statement

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 Funds Rate unchanged between a level of 0.25 and 0.50% at each of its first ...

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Gold Lattest News

Deutsche (DB), Barclays (BCS), Scotiabank (BNS), HSBC, and SocGen (OTCPK:SCGLY sued over gold price manipulation European Council to meet Thursday about Ukraine April gold up $30.80, or 2.3%, at $1,352.40/oz Gold futures are surging in the wake of the crisis in Ukraine, and that’s giving precious metals miners a big ...

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Gold-Weekly outlook

Gold futures rallied to an 11-week high on Friday, after disappointing U.S. new home sales data dampened speculation the Federal Reserve will begin to taper its bond-buying program as early as September. Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central ...

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Speculators Bought Gold

Hedge Funds increased their net-long position by 4.1 percent to 35,691 futures and options, U.S. Commodity Futures Trading Commission data for July 9 show. Net holdings expanded even as speculators increased short bets to a record. Net-bullish wagers across 18 U.S.-traded commodities retreated 3.4 percent as investors became the most ...

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Gold end the week higher

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 ...

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Gold rallies as dollar sinks

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 the Fed and other central banks worldwide has been seen as supporting a rally in ...

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Russian gold/fx reserves rise to $522.4 bln

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 (in billion dollars): Latest week 522.4 Previous week 520.0 End-2012 537.6 NOTE – The reserves ...

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