Gold prices remain stable as the market eyes the Federal Reserve’s interest rate decision. US economic data releases are expected to provide more information. Traders anticipate interest rate cuts in the coming months. India’s platinum imports have increased due to loophole use. Silver fell, platinum fell slightly, palladium remained stable.
monetary policy
Federal Reserve January 2020 FOMC Interest Rate Decision Today – Gold Silver Reports
The Federal Reserve is on deck to release its January 2020 FOMC interest rate decision today at 19:00 GMT. Details provided by the US central bank will likely be examined closely by market participants for clues on changes in language communicated by Fed officials regarding their relative hawkish or dovish leaning.
Red Alert – Gold Rocket Above $1,600 as Iran Attacks Spark Flight to Havens
Spot Gold (Bullion) climbed as much as 2.4% to $1,611.42 an ounce, the highest level since 2013, and traded at $1,609.28 at 8:32 a.m. in Singapore.
Trump – Attack Via Tweets Comes Week Before Fed Meets on Policy
Gold Silver Reports (GSR) – “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the U.S. central bank a week before it meets in Washington to discuss monetary policy.
Reserve Bank of India (RBI) is Expected to Deliver a 25 bp Rate Cut Amid india’s benign inflation, aim to stimulate nation’s economic growth: ScotiaBank
The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid India’s benign inflation on Thursday afternoon, with the aim of stimulating the nation’s economic growth that slowed to 5.8% yoy in the January-March quarter from 6.6% the previous three months. Lower crude oil prices also boosted the prospects of a cut in interest rates, according to the latest research report from Scotiabank.
US Fed ‘Patient’ on Further Rate Hike: FOMC Minutes
The latest minutes of the US Federal Reserve (Fed) monetary policy meeting showed that the central bank was still “patient” on further rate hikes.
RBI Lowers Repo Rate by 25 bps to 6%, Second Cut in Two Months
GoldSilverReports.com — RBI Repo Rate Cut – The Reserve Bank of India (RBI) today cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%.
Video News – Fed Leaves Interest Rates Unchanged, Signals no Increases this Year 2019
✅ The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.
China Lowers Growth Target and Cuts Taxes as Economy Slows
China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.