Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus

Fed Meeting press conference quotes

The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.

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MCX Silver Alert – Watch High 38061 Next Target 38500—38800 – Neal Bhai Reports

Silver price today: Silver Rises

Gold Silver Reports (GSR) — Following gold, silver prices also surged by Rs 190 on increased offtake by industrial units and coin makers. Silver ready also strengthened by Rs 190 to Rs 38,290 per kg and weekly-based delivery by Rs 200 to Rs 37,725 per kg. Silver coins remained unaltered at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

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Gold Prices Set to Soar over Next 12 Months, Forecasts Bank of America

Gold Silver Reports (GSR)  – Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said in a phone interview last week. Spot gold traded at $1,196.23 on Monday and has averaged about $1,285 this year.

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