Gold Silver Reports — Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing.
World Market
Gold Fix Near 5-Week High as Brexit Concerns
Gold Silver Reports — The yuan extended losses from a 5-year low, dragged down by MSCI Inc.’s decision to leave Chinese stocks out of its benchmark indexes.
Federal Reserve Raising Interest Rates Report
Gold Silver Reports — Gold climbed to the highest in four weeks as uncertainty mounts over the potential risks if Britain decides to leave the European Union, and as traders price in zero chance of the Federal Reserve raising interest rates at a meeting this week.
Are You Prepared For Rising Interest Rates???
Gold Silver Reports — St. Louis Federal Reserve President James Bullard said global markets appear to be “well-prepared” for a Summer interest rate hike from the US Fed, he did not specify a date for the policy move.
Central Banks Buy Everything
Gold Silver Reports — At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.
No matter that the U.S. labor market is deteriorating and the World Bank has just cut its estimates for global economic growth. Investors either don’t believe the news is bad enough to kill a global recovery that’s already long in the tooth, or they’re betting that sluggishness in some of the biggest economies means central banks will stay more accommodative for longer.
FOMC Convenes For The Two-Day Meeting on June 14-15
Gold Silver Reports — Gold prices pared losses during later half on Tuesday as investors contemplated the likelihood that the Federal Reserve would raise interest rates in the coming months.
Janet Yellen Speech Suggests Fed Will Rethink Interest-Rate Plans
Gold Silver Reports — Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States, though last month’s weak jobs report bears watching.