Federal Reserve

Gold prices are set to jump to a four-year high of $1,400 an ounce by the end of the year over mounting tensions between North Korea and the US, and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank . . . .

Gold held steady today in Asian and European trading and was flat for the week, consolidating near the $1,270 per ounce level and the 2.5% gain seen in July. It remains close to a seven-week high hit this week, as the dollar remains weak and vulnerable near multi-month lows after five consecutive months of declines . . . .

In an timely piece, Rickards points out how the Federal Reserve is behind the curve, has “theories that bear no relation to reality” and has “blundered by raising rates.” This is happening at a time when the U.S. economy and stock markets are very vulnerable . . . .

The precious metal last week took support at lower levels and bounced back to trade above the important resistance level of $1,225 after the US Federal Reserve chair Janet Yellen spoke about growth projections of the US economy and further increase in interest rates . . . .

The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress . . . .

Credit Suisse still looks for $1,400-an-ounce gold by the fourth quarter . . . .

Gold dipped on Tuesday on technical selling, although losses were limited as most investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that should provide signals on the pace of future monetary tightening . . . .

For the US dollar, the past seven months have been a tale of two halves . . . .

This article explores the challenges and opportunities for gold in this brave new world of ‘Trumponomics’ . . . . .