Gold Firm At $1,340/oz After 5 Days of Gains – Fed Takes It To 3 Month High

Gold Firm At $1,340/oz After 5 Days of Gains - Fed Takes It To 3 Month High

] Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure … Read more

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

] ◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to … Read more