Gold Headlines

As uncertainty threatens U.S. growth, Fed seeks more firepower

Gold prices slip for a second day as China-U.S. trade tensions ease (marketwatch)

However, the rally for precious metals has cooled somewhat since minutes from the Federal Open Market Committee’s meeting in late July signaled that the policy-setting group was unwilling to use unconventional methods to keep rates benchmark interest rates lower, which was viewed as a short-term negative for gold. “Since the FOMC minutes, market participants have been reluctant to re-establish long positions in gold and short the dollar with any enthusiasm ahead of event risks,…

Gold slips as risk sentiment improves (Reuters)

Investors are now looking forward to see if the U.S. Federal Reserve “will tolerate inflation and put economic growth over monetary (growth),” Commerzbank’s Weinberg said. Fed Chair Jerome Powell is due to speak at a gathering of central bankers in Jackson Hole, Wyoming, on Thursday, where he is expected to provide further clarity on the U.S. central bank’s efforts to revamp its approach to monetary policy. https://www.reuters.com/article/global-precious/precious-gold-slips-as-risk…

Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation

End of Fiat: It is Evident in the Silver, Gold and Crypto Charts

ECB support wipes out stress over bank funding, Interbank rate at a record low

German economy shrank by record 9.7% quarter-on-quarter in second quarter

U.S., China reaffirm commitment to Phase 1 trade deal after call

Gold holds steady as investors look to Powell's speech (reuters)

Gold held steady on Tuesday as a softer dollar offset pressure from an equity rally while investors stayed away from taking big positions ahead of U.S. Federal Reserve Chair Jerome Powell’s speech later this week. Spot gold was flat at $1,932.15 per ounce by 0512 GMT. U.S. gold futures were steady at $1,938.80. Powell will discuss the Fed’s monetary policy framework review on the opening day of the Kansas City Fed’s annual central banking conference on Thursday, in a virtual and public…

Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation (cnbc)

Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference. He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time. The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the…