Gold on Friday notched a third-straight winning session, a feat it had not achieved since mid-April, as the dollar drifted lower following slightly weaker-than-expected U.S. retail sales and inflation data.
Gold futures rose for a third straight session Tuesday for their highest settlement since late February, as financial markets await a meeting later this week between President Donald Trump and Chinese President Xi Jinping.
Gold prices have seen a rebound after the U.S. Federal Reserve raised its benchmark rate by 25 basis points last week. Since then, the weakness in the dollar has led to further strength in gold prices.View post
Federal Reserve Chairwoman-Janet Yellen today raised the Fed funds benchmark rate .25% but said that she does not see economic growth gaining speed. The world is concerned about the staggering amount of global debt, much of it created by the Federal Reserve during its socialized money creation known as Quantitative Easing. Confidence, the great driver ...
Trump has been president for more than a month. What has he done so far and how will it affect the gold market? Trump’s presidency has begun like no other – four weeks of conflict and chaos: travel ban, war with media and intelligence agencies, and the resignation of Flynn as a national security advisor. ...