Spot gold touched a session high after the Federal Reserve left its benchmark policy rate unchanged and said it’s “monitoring inflation developments closely.”
Spot Gold Advances as Fed Holds Rates Steady, Assesses Inflation
Fed
Gold Kiss 1-week High on Weaker Dollar, Rate Hike Prospects
* Physical holdings in gold ETFs fall since Fed rate rise
* Gold resistance at $1,260/oz, 55-day moving average
* Hold off on further rate hikes until inflation moves
Hedge Funds Exit Gold Before Fed Sparks Worst Rout in Month
Gold Silver Reports — Hedge funds were smart enough to get ahead of Janet Yellen’s bad news for the gold market.
Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind
Gold Silver Reports — Fed to Leave $1 Trillion Question Unanswered in Big Bond Unwind — Janet Yellen’s Federal Reserve is getting ready to set off on a path toward a smaller balance sheet without knowing quite where it will end up.
GOLD SEES MILD SELLING AHEAD OF FED SPEAKERS
Gold Silver Reports – Gold dropped a little on profit selling today as investors turned their eyes to comments from several Federal Reserve officials. Gold futures consolidated a little yesterday as poor speculative demand capped the metal.
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.
FOMC Meeting Date March 14-15
Gold Silver Reports — The dollar benefited last week from comments from various Federal Reserve officials regarding the potential for an interest rate increase at the March 14-15 FOMC meeting.