The Federal Open Market Committee’s (or FOMC) two-day meeting ended on November 1, 2017.
Employment rates and inflation are the two key things that the Fed considers before deciding on rate hikes.
While hurricanes negatively impacted the US job market in September, the job market accelerated in October 2017.
Gold prices (GLD) have risen ~10.5% as of November 7, 2017, YTD (year-to-date).
All four precious metals saw a down day on November 3, 2017. Gold, silver, platinum, and palladium fell 0.7%, 1.8%, 0.63%, and 0.25%, respectively.
Thursday, November 2, 2017, was an up day for gold, but silver, platinum, and palladium continued to fall.
Most market participants have been waiting for the nomination of a new Fed chair, which could substantially influence the movement of interest rates.
Gold had an up day on Wednesday, November 1, as markets reacted to the selection of the next Federal Reserve chair.
Some sectors have gotten downright spooky As we move into the season of Pumpkin Spice Lattes, many sectors in the market have given investors more treats than tricks this year.…
All four precious metals rose on Monday, October 30, as multiple speculations in the market gripped investors’ attention.
On Tuesday, as the Bank of Japan kept its monetary policy steady, investors shifted their attention to other central bank meetings. The bank has slightly cut its inflation forecast for the current…
On October 26, gold futures for November expiration fell 0.74%. Silver for December futures fell 0.67%, and platinum for December expiration fell 0.55.
A crucial factor that could potentially move precious metals is the decision about the next chair of the Federal Reserve.
In the ECB’s (European Central Bank) October policy meeting, the ECB didn’t explicitly talk about the appreciating euro.
Investor complacency doesn’t hide the fact that there are financial risks to QT. Forty percent of the Fed’s balance sheet unwind is in mortgage-backed securities at the same time that the housing market is showing signs of slowing.
Since the financial crisis, the stock market has risen consistently as long as the Fed continued to buy treasuries and mortgage-backed securities through its quantitative easing policies (QE 1-3).
The momentum gold experienced in August carried over into early September. Geopolitical tension continued as South Korea reacted to possible preparation by North Korea for an intercontinental ballistic missile launch.
The euro-dollar (FXE) pair closed the week ending October 27 at 1.16 against the US dollar (UUP).
The US Dollar Index (UUP) continued its ascent last week.
China, along with the rest of the world, has experienced a long-running decline in productivity growth—a decline that accelerated after the Global Financial Crisis.