Gold Headlines

Stocks buckle, dollar stirs as divided Fed disappoints

U.S. weekly jobless claims stuck at higher levels

Currencies, stocks slip after Fed decision

Germany pushes up 2021 debt plans to nearly 100 bln euros

U.S.-China investment flows slide to nine year-low as bilateral tensions escalate

Gold drops as dollar rises on Fed's upbeat economic view (Reuters)

The dollar index rose to a more than one-week high against its rivals after the Fed signalled on Wednesday it expected the U.S. economic recovery from the coronavirus crisis to accelerate, with unemployment falling faster than the central bank’s forecast in June. Meanwhile, the Bank of Japan kept monetary policy steady and slightly upgraded its view on the economy, suggesting that no immediate expansion of stimulus was needed to combat the coronavirus pandemic. https://www.reuters.com…

BOJ Governor Kuroda's comments: The Fed’s new view is in line with ours

Private equity owners pile on leverage to pay themselves divis (ft)

Fed defends 'pedal to the metal' policy and is not fearful of asset bubbles ahead (Reuters)

The Fed launched unprecedented support when the coronavirus pandemic hit the United States earlier this year, slashing interest rates and unleashing asset purchases which has pushed bond yields to lows and sent equity prices to record highs. Still, Powell said the decade-long U.S. economic expansion, which ran prior to the pandemic hitting growth, had included both quantitative easing and low interest rates but was “notable for the lack of the emergence of some sort of a financial bubble.”…

Gold prices log a third straight gain, then extend gains after Fed policy statement (MarketWatch)

The FOMC announcement “giving off an even more dovish signal is going to help gold break out of this consolidation phase it has been in for the past several weeks,” Peter Spina, president and chief executive officer at GoldSeek.com, told MarketWatch. “It may take some weeks still with some price consolidation finishing up here, but I expect gold to break back above $2,000” in the fourth quarter and set fresh record highs as we close out the year. https://www.marketwatch.com/story/gold…