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Gold Rewards Bulls in January as Fed’s Message Wounds Dollar (Gold Vol Remains Subdued)

The Federal Reserve’s “maybe we will, maybe we won’t” regarding further shrinking of its balance sheet coupled with keeping its target rate at 2.50% was celebrated by equity investors … and gold investors (including SPDR Gold Shares). (Bloomberg) — Gold is poised to close out January with a fourth straight monthly gain after the Federal Reserve signaled … Continue reading Gold Rewards Bulls in January as Fed’s Message Wounds Dollar (Gold Vol Remains Subdued)

Fed Keeps Fed Funds Rate At 2.50%, Tepid On More Balance Sheet Normalization

Today, The Federal Reserve announced that their target rate remained at 2.5%. This was expected. But on further balance sheet unwinding, Fed Chair Thurston Powell III had this to say: “In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the … Continue reading Fed Keeps Fed Funds Rate At 2.50%, Tepid On More Balance Sheet Normalization