Gold Silver Reports — Crude Oil prices fell, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.
Gold Slip Near 4-Week High Ahead of Fed Meeting
Gold Silver Reports — Gold inched down on Tuesday but stayed near a four-week high touched in the previous session as investors waited for clues from a two-day U.S. Federal Reserve meeting beginning later in the day and Britain’s June 23 vote on whether to leave the European Union.
Indian Gold Bonds Debut at 11.5% Premium
Gold Silver Reports — India’s sovereign gold bonds debuted in two of the major stock exchanges in the country today. The gold bonds have been listed in BSE and NSE for trading at 11.5% premium to issued price.
Federal Reserve Raising Interest Rates Report
Gold Silver Reports — Gold climbed to the highest in four weeks as uncertainty mounts over the potential risks if Britain decides to leave the European Union, and as traders price in zero chance of the Federal Reserve raising interest rates at a meeting this week.
Are You Prepared For Rising Interest Rates???
Gold Silver Reports — St. Louis Federal Reserve President James Bullard said global markets appear to be “well-prepared” for a Summer interest rate hike from the US Fed, he did not specify a date for the policy move.
Gold Target $1370 Year End, Dutch Bank ABN AMRO
Gold Silver Reports — The big Dutch bank ABN AMRO reiterated its $1370 year-end target for gold, which they originally set last February, after gold’s first move above $1240.
