Gold Headlines

Boom or bust? Welcome to the freewheeling world of crypto lending

Central bankers face virus hit to global economy at crisis forum

China central bank injects $29 billion via reverse repos

Gold flat as growth risks offset trade hopes; Powell speech in focus (Reuters)

  "All eyes are on what Powell says this week... there are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold," said ANZ analyst Daniel Hynes.     "The U.S.-China trade news overnight that the tensions have eased slightly has dulled investors appetite for safe-havens a bit but obviously there is a lot of water to go under that bridge." https://www.reuters.com…

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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…