Gold Prices After aggressive selling pressure last week, gold prices bounced off the rising trend line from June. Now, XAU/USD has taken out the 100% Fibonacci extension at 1984, exposing the 123.60% level at 2058.
federal reserve banking
Negative Interest Rates From the US Federal Reserve Any Time Soon – Gold Silver Reports
While joining the chorus of policymakers and analysts, Goldman Sachs also rules out negative interest rates from the US Federal Reserve any time soon in its latest client note.
Gold Stop Loss $1750 – Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Gold Seller Your Stop Loss is $1750 (Hold Sell With Stop Loss) – Fed Chair Powell Rejected the Idea of Negative Interest Rates – Neal Bhai Reports
Coronavirus Impact – Wall Street Sinks Again on Fed Warning of Prolonged Recession
Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.
The Fed is not considering negative interest rates
Fed Chair Jerome H. Powell said the central bank is not considering lowering interest rates below zero, saying that negative rates are not necessary given the Fed’s other tools.
The Fed is Showing Reluctance To Go Negative, But Such a Move Can’t be Ruled Out
Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told MasterMind Update Monday that he wouldn’t rule out the possibility after experiencing the financial crash.