Powell testified before Congress and reiterated the Fed’s dovish stance, but nevertheless, gold continued to slide.
On Tuesday, Powell testified before the United States Senate Committee on Banking, Housing, and Urban Affairs. He offered no big surprises, so the markets were little changed. But the price of gold ended that day with a slight loss, as the chart below shows – perhaps just because Powell didn’t surprise, and struck a dovish tone.
Anyway, what did the Fed Chair say? In his prepared remarks,
Powell acknowledged the improved outlook for later this year. As I noted in the last edition of the Fundamental Gold Report about the recent FOMC minutes, a more optimistic Fed about the U.S. economy is bad news for gold.
FBI Confirms Report of Cylindrical UFO Moving Really Fast Over New Mexico – Collective Evolution
collective-evolution.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from collective-evolution.com Daily Mail and Mail on Sunday newspapers.
周四值得关注的股票
zaobao.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zaobao.com.sg Daily Mail and Mail on Sunday newspapers.
READ HERE: Gov Whitmer s remarks to U S Senate on state of Michigan s infrastructure
wxyz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wxyz.com Daily Mail and Mail on Sunday newspapers.