Gold Silver Reports — Central banks ruled over financial markets, with the Federal Reserve’s move to raise interest rates without accelerating the timeline for future tightening sending global stocks and Treasuries jumping while the dollar tumbled.
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Global Gold Prices Steady ahead of US Fed Meeting
Gold Silver Reports — Gold prices were steady on Tuesday as investors waited for the start of a two-day US Federal Reserve meeting where the central bank is widely expect to raise interest rates.
Federal Reserve Officials are Widely Expected to Interest-Rate Increase
Gold Silver Reports — Federal Reserve officials are widely expected to announce an interest-rate increase this week amid buoyancy in the stock market and indications the U.S. economy continues to grow steadily, without signaling they anticipate accelerating their pace of policy tightening.
Beyond the expected announcement Wednesday of a quarter-point hike in the U.S. central bank’s benchmark rate target, to a range of 0.75 percent to 1 percent, investors will be looking for whether policy makers change their forecasts for the rest of 2017 and beyond.
US Employment Data Triggers Fresh Slide In Gold
Gold Silver Reports — Gold had maintained a defensive tone in Europe and a much stronger than expected ADP employment release triggered a fresh round of selling pressure as global bond yields moved higher.
Gold may Fall 3-5% on US Rate Hike Worries
Gold Silver Reports — Gold prices may fall 3-5% in the short term amid expectations that the US Federal Reserve will increase interest rate at the next meeting of the Federal Open Market Committee on March 14-15, bullion traders and analysts said.
Hedge Funds Bracing for Global Market Selloff
Gold Silver Reports — US stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become less reliant on U.S. stocks by selling economically sensitive bank shares and materials like copper, data compiled by Credit Suisse Group AG show. What are they buying? Gold.
FUND MANAGERS CUT HOLDINGS in US banks, base metal stocks and buy gold
Gold Down on Fed Rate Hike Expectations
Gold Silver Reports — Gold Down on Fed Rate Hike Expectations — Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week.