Gold Silver Reports – Gold prices inched up on Thursday, helped by a weaker dollar as investors waited for the nomination of a new US Federal Reserve chair and the unveiling of US tax reform legislation later in the day.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Gold Investors Weigh `Dove’ Powell for Fed Chief as Prices Hold
Gold Siilver Reports – Gold Investors Weigh `Dove’ Powell for Fed Chief as Prices Hold – Gold held gains as investors contemplated the prospect of Jerome Powell taking the top job at the Federal Reserve.
Fed Keeps Rates Unchanged, Remains on Road to December Hike
Gold Silver Reports – The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.
For Stock Market, Powell Seen Holding Yellen Line as Fed Chief
Gold Silver Reports – For Stock Market, Powell Seen Holding Yellen Line as Fed Chief – Investors enjoying the fruits of a decade-long bull market in equities expect to find an ally in Jerome Powell, who President Donald Trump plans to nominate to lead the Federal Reserve according to three people familiar with the decision.
US Fed Signals December Rate Hike on Track as Trump Weighs Next Chair
Gold Silver Reports – US Federal Reserve (US Fed) officials voted unanimously to leave interest rates unchanged while signalling they remain on track to hike once more this year, a day before President Donald Trump plans to unveil his choice to lead the US central bank.
Gold Prices Rise as Fed Set to Take a Call on Rate Hike
Gold Silver Reports – Gold prices pushed higher by Rs105 to Rs30,380 per 10 grams on Tuesday as the US Federal Reserve kicks off its two-day policy meeting. Any delay on rate hike keeps the dollar on the back foot and increases the lure of the yellow metal among investors.
Another China Company Defaults on Bond Payment as Borrowing Costs Jump
Gold Silver Reports – Another China Company Defaults on Bond Payment as Borrowing Costs Jump – Another Chinese company has missed a local bond payment, highlighting how weaker firms in the nation are struggling to honor their debts as borrowing costs jump.