Gold Silver Reports — The U.S. economy should be solid enough to merit an interest-rate increase this year, and the central bank won’t cave to political pressure to refrain from tightening during a presidential election year, said John Williams, president of the Federal Reserve Bank of San Francisco.
Gold Silver Reports — A “broad-based” weakening of inflation pressures helped persuade Australia’s central bank that the economy would be assisted by an interest-rate cut even as the growth outlook remained steady. Central bank considered waiting for more data in May decision.
While Reserve Bank of Australia board members considered holding the cash rate unchanged so they could await more information, policy makers on May 3 opted to cut the benchmark by a quarter point to 1.75 %, according to the minutes of its latest policy meeting.
Gold Silver Reports — China’s biggest banks stand exposed to their 1st annual profit declines in more than a decade.
Gold Silver Reports ~ Gold rallies, Gold rallied 2% to $1,263 an ounce on Wednesday, turning higher after the Federal Reserve indicated that the United States continues to face risks from an uncertain global economy, pressuring the dollar.
Gold Silver Reports ~ Gold dropped for a third consecutive session on Tuesday to its lowest in almost two weeks, with investors focused on closely watched policy meetings of the U.S. and Japanese central banks.
Gold Silver Reports ~ The European Central Bank unleashed some of it last remaining stimulus weapons on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched.
Gold Silver Reports – Asian stocks were off to a cautious start on Monday after a weekend meeting of the Group of 20 economic policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of a U.S. rate hike before year-end.
Gold Silver Reports → Gold gained in Asia on Tuesday with sentiment on expectations for the path of U.S. interest rates this year they key focus.
Gold Silver Reports → Asian shares rose to a seven-week high on Tuesday as investors took heart from signs of life in battered energy and commodity markets while European currencies are hampered by worries Britain could exit the European Union.
Gold Silver Reports – Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.