monetary policy

The price of spot gold fell 1.27% yesterday as the Federal Reserve hiked the short-term fed funds target rate to 0.75%. Although the broad consensus has been that the rate hikes were priced in, gold fell sharply on the day and was seen…
Read More

Will gold prices fall or rise when the Fed hikes rates? That is the one question looming on traders’ minds as the clock ticks closer to next week's big event. After posting strong gains, for the most part, this year, gaining over 26% at…
Read More

The European Central Bank's meeting this Thursday is unlikely to prove to be a market mover as expectations are high that the central bank will be expanding its QE purchases. The ECB's governing council meets on Thursday, December 8 where…
Read More

The US Federal Reserve Bank decided to leave the short-term interest rates unchanged at 0.50% at its meeting yesterday, in a widely expected outcome. While most members agreed to leave interest rates unchanged, there were still two…
Read More

The Fed decision and the BoJ meetings were the main events as the markets opened this week. Monday saw the usual lack of action with markets staying range bound on the lack of any fundamentals to fall back upon. The soft fundamentals were…
Read More

Market Summary RBNZ keeps OCR unchanged at 2.0%, signals further easing likely Norges Bank keeps interest rate unchanged at 0.50%, signals rate stability NOK rallies on Norges Bank decision US weekly unemployment claims now…
Read More

Gold prices gained over 1.50% yesterday after the much hyped central bank meeting failed to excite traders. Although gold prices started the week on a soft note, yesterday's price action managed to recover most of the declines from the…
Read More

Market Summary Bank of Japan leaves interest rates and QQE unchanged BoJ unveils new policy tools, with “yield curve control.” UK budget deficit shrinks FOMC policy decision in focus Canada wholesale sales rise 0.30% in…
Read More

Gold bulls cannot afford to be complacent over the next few days as the Bank of Japan, and the FOMC monetary policy meetings will likely see the temporary lull in the precious metal giving way to strong price action. Price action continues…
Read More

The Japanese yen was again at the front coming out as the top performing currency last week. Gaining over 1.37% against the US dollar, the yen rallied mostly on the dollar weakness after last week's ISM services report. Following the yen…
Read More