Gold Prices Bounce On Fed Speak, Weaker USDX, US Stocks

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As we noted yesterday there were two events, the US GDP for the second Quarter announcement and the FOMC statement. In the night, the FOMC statement was released and as market expected the Fed would still repurchase the bonds but QE tapper plan was not mentioned in the statement.

Gold Price: Get all information on the Price of Gold including News, Charts and Realtime Quotes. Global stocks of gold have continuously increased in recent decades and are currently at their highest level.

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Gold prices could again surpass $1,300 due to a weaker dollar, volatility in stocks and possible inflation. "Gold, the classic bear-market investment, has been ignored by investors this year, and for good reason: Gold prices have gone in the wrong direction, losing about $100 in the price.

Technically, April gold futures prices closed near mid-range today. The bulls and bears are on a level overall near-term technical playing field but the bears have momentum on their side. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1.

The Big Short’ uses Bank of America, Wachovia as punch lines As strategist Michael Hartnett of Bank of America Merrill. can take a serious punch. After the 1997 Asian crisis, it was the first recipient of an international monetary fund bailout to recover. In.

Gold prices are aiming lower after an uptick in US wage growth bolstered Fed rate hike bets. Meanwhile, crude oil prices have slumped to trend support. We use a range of cookies to give you the.

But there was similar thinking back in March after the Fed helped engineer the "rescue" of Bear Stearns. Six months later, it’s clear many were too optimistic and some think the latest bounce. be.

1. Monetary policy/Fed speak. Perhaps the biggest influence on gold prices is monetary policy, which is controlled by the Federal Reserve. On the flipside, weaker jobs growth, rising unemployment, weakening manufacturing data, and subpar GDP growth can create a dovish Fed.