Gold Silver Reports (GSR) – Japanese and South Korean shares led gains in the region and Australian equities advanced, with markets in China and Hong Kong closed Thursday for holidays. The S&P 500 Index swung from a loss to close up 1.2 percent, and 10-year Treasury yields turned higher, after traders’ optimism grew that the U.S. and China will step back from the brink of a trade war. Representatives from China and the U.S. left the door open for a negotiated solution to avoid tariff proposals that wouldn’t take effect for months.
Federal Reserve
Gold Is Heading to $1400 If Trade War Breaks Out
Gold Silver Reports (GSR) – Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the threedecade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchangetraded fund-holdings are around the highest in half a decade.
U.S. Sell-Off Hits Asia Stocks
Gold Silver Reports (GSR) – U.S. Sell-Off Hits Asia Stocks — Equities in Japan and South Korea declined, and Australia opened lower after a four-day long weekend. The S&P 500 Index closed below its average price for the past 200 days for the first time since June 2016 with fresh presidential criticism of Amazon.com and retaliatory tariffs from China rattling investors. The Cboe Volatility Index jumped 18 percent.
Federal Reserve may Review Rules on Lending to the Poor
Gold Silver Reports (GSR) – The Federal Reserve may change decades-old rules that require banks to lend to low-income borrowers as part of a broader effort to revise a range of banking regulations, the U.S. central bank’s head of regulation and supervision said on Monday.
Federal Reserve Raises Interest Rates at First Meeting with Powell at Helm
Gold Silver Reports (GSR) – The Federal Reserve raised interest rates by a quarter point on Wednesday, its first rate hike this year, in a decision that was widely anticipated by markets.
The Fed Is Signaling More Than 3 Interest Rate Hikes for 2018
Gold Silver Reports (GSR) – The Fed Is Signaling More Than 3 Interest Rate Hikes for 2018 — Market participants are preparing for the Federal Reserve to raise its forecasts for interest-rate hikes when it releases its Summary of Economic Projections this week. Rather than focus on the projections themselves, pay attention to the risks they imply. Is the Fed more likely to raise rate expectations further as the year progresses, or will policy makers back down to the three rate hikes projected last December? In recent weeks, the Fed has signaled that the former is more likely than the latter.
Powell Jumps in Driver’s Seat as Fed Weighs Speed of Rate Hikes
Gold Silver Reports – The tougher job for the Federal Reserve’s new chairman as he presides over his first gathering of the central bank’s policy-setting committee is deciding what to do next.