Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.
Fed Rate Hike
Why a Fed Rate Hike is Unlikely to Reignite the Dollar Rally – Gold Silver Reports
Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
The Fed Should Prepare for the Unexpected – Gold Silver Reports
U.S. Federal Reserve are grappling with an important issue: how to deal with the possibility that the economy doesn’t act the way they expect it to. Judging from their analyses, different risks will require different responses — and at least one concern isn’t getting enough attention.
Here’s what to Expect from Market Leading up to Fed Rate hike – Gold Silver Reports
Gold Silver Reports – According to the CME FedWatch Tool, there’s a greater than 90 percent chance the Fed will increase interest rates at the next …
Goldman Sachs Chief Economist on the Future of Fed Rate-Hikes
Gold Silver Reports (GSR) – CNBC’s Steve Liesman reports on the Federal Reserve’s decision to raise rates by 25 basis points.
The move pushes the funds rate target to 1.75 percent to 2 percent. The rate is closely tied to consumer debt, particularly credit cards, home equity lines of credit and other adjustable-rate instruments.
Global Gold Prices Flat as Risk Appetite Increases Amid Rate Hike Prospects
Gold Silver Reports (GSR) – Gold prices were steady on Tuesday, after falling for three days, as investors opted for riskier assets amid increasing prospects of an interest rate hike in the US following strong US economic data.
China’s Central Bank Raises Borrowing Costs After Fed Rate Hike
Gold Silver Reports – China’s Central Bank Raises Borrowing Costs After Fed Rate Hike — China’s central bank increased the cost of short-term loans to commercial lenders, tightening policy in step with the U.S. Federal Reserve.