Gold Headlines

Federal Reserve: We got it ‘wrong’ on post-crisis rate hikes

Current and former Federal Reserve officials say the timing of its interest rate hikes between 2015 and 2018 may have been a mistake, a rare moment of humility spurred by the Fed’s adoption of a new framework for approaching inflation. Lael Brainard and Richard Clarida, both serving on the Fed’s Board of Governors, said this week that the Fed may have curbed a quicker post-2008 recovery in the job market by lifting off of zero interest rates too soon. “There would have been a different…

Currencies retreat as dollar bounces from two-year lows

Gold dips as solid U.S. manufacturing data lifts dollar

"A stronger greenback is weighing on the precious metal," said Margaret Yang, a strategist with DailyFx, which covers currency, commodity and index trading community. "The broader picture is still in favour of gold, as the U.S. Federal Reserve and other central banks are likely to stay accommodative for an extended period of time." The dollar index bounced off two-year lows after U.S. data showed manufacturing activity accelerated to a near two-year high in August. A stronger greenback…

Spain's unemployment rises amid new COVID outbreaks, tourist restrictions

Goldman expects oil to reach $65 next year

More Fed stimulus needed 'in coming months' to bolster economy, Brainard says

Thousands of small-business loans may have been fraudulent, House panel finds

Stimulus Deal Roadblock: Nearly $1 Trillion in aid to municipalities

Home prices suddenly see biggest gains in 2 years

Gold Rebounds Toward $2,000 After Dollar Drops to Two-Year Low (Bloomberg)

(Bloomberg) -- Gold is rebounding, with Comex futures climbing back to $2,000 an ounce, as the dollar extended its slump and investors bet U.S. interest rates would stay lower for longer. The dollar dropped to the lowest in over two years, fueling a broad advance in commodities. Spot gold gained more than 3% over the past three sessions, following its first monthly loss since March, as the Federal Reserve’s new approach on inflation added support. That came after a slowdown in buying from…