Gold Silver Reports (GSR) – Gold futures are preparing to end the week with heavy losses with August gold last traded at critical support at $1,280.40 an ounce, down 1.71% from last week. The lost comes a day after gold prices rallied to a four-week high. This is gold’s worst week in a month as prices dropped more than 2% the week of May 14.
Policy Meeting
US Fed Goes for 25 bps Rate Hike in Janet Yellen’s last Policy Meeting
Gold Silver Reports – Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.