Tag Archives: fomc minutes

. Gold prices rose in trading today, Thursday, to their highest level in 8 months, as Treasury yields declined, while reports of mortar fire in eastern Ukraine prompted investors to resort to gold bullion. Spot gold rose 0.4% to $1,876.41 an ounce, approaching a June high of $1,879.48 hit on …

. Gold prices rose on Thursday towards their highest levels in eight months this week as US Treasury yields fell, while reports of mortar fire in eastern Ukraine prompted investors to choose safe bullion. And gold rose in spot transactions 0.4 percent to $ 1876.41 an ounce, hovering near its …

What you need to know on Thursday, February 17:The American dollar edged lower on Wednesday, despite the release of upbeat US data and uncertainty related to Russian and Ukrainian border tensions. The US Federal Reserve released the Minutes of the latest FOMC meeting, which indicated that policymakers are willing to …

During the North American session, the European currency extended its rally, so far up 0.40% in the week, amid uncertainty in the Russia/Ukraine conflict. At the time of writing, the EUR/USD is trading at 1.1379.The conflict between Russia and Ukraine has kept the market mood continuously swinging since last Friday, …

Bitcoin was trading in a tight range between $43,000 and $44,000 over the past 24 hours. Support is nearby, which could limit pullbacks over the short term.Buyers will need to maintain a price floor above $40,000 to sustain the uptrend from $36,000 that occurred on Feb. 3. Intraday charts appear …

Federal Reserve officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data, according to minutes of the Jan. 25-26 policy meeting.Participants agreed that the US …

Gold prices found good support in the $1850 area and has advanced on Wednesday in the run-up to Fed minutes. Geopolitical angst regarding Russia/Ukraine remains elevated, underpinning gold, which is also being supported by technical factors.The price of the yellow metal is going and froing between the day’s range of …

The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.Canada’s annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the Bank …

The Federal Reserve is scheduled to release minutes of its January meeting later Wednesday but the market seems to have already moved on.With minutes from the US Federal Reserve’s January meeting due out Wednesday, crypto traders might be forgiven for dismissing them entirely.Look how drastically the environment has changed in …

Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …