The latest GFMS Gold Survey Update taking Q2 figures into account doesn’t make for particularly positive reading for the gold investor in terms of fundamentals, but nevertheless the consultancy has upped its average gold price forecast for the year from what looks to have been a rather low estimate of $1,184/ounce to what might seem a still relatively conservative $1,279/ounce. 1,081 more words
Tags » FOMC
On Wednesday, the FOMC left its interest rate policy in tact as it awaits more data before deciding to change interest rates. The FOMC statement wanted to reflect some underlying hawkishness but the market is reticent to accept the veracity of Fed releases. 694 more words
Gold Today –Gold closed in New York at $1,319.80 on Tuesday after Monday’s close at $1,314.10.
- The $: € was down at $1.0991 up from $1.007. 570 more words
A shortened, updated and edited version of Julian Phillips’ commentary for Tuesday which was delayed from reaching us for technical reasons.
Shanghai prices have been higher than in New York, after gold was sold from the SPDR gold ETF , and London followed Shanghai’s prices, so at this stage we conclude that New York prices were considered to have been marked down too far. 409 more words
In a tribute to one of the great comediennes of modern times–and no I am not being RIDICULOUS–the FED meeting will result in an homage to the early cast of Saturday Night Live. 280 more words