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Gold Prices Hold Stable as Investors Appraise Policy Decisions


Gold Prices Hold Stable as Investors Appraise Policy Decisions
FinancialBuzz.com News Commentary
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NEW YORK, April 28, 2021 /PRNewswire/  Among the many variables impacting the price of gold are interest rates. In order to reduce the pandemic s impact on the economy, various economic measures have had to be implemented, including near-zero interest rates and economic stimuli for business and individuals. And now, the Federal Reserve s policy-setting arm isn t expected to be changing interest rates or formally updating its economic forecasts when it concludes its two-day meeting Wednesday. Nonetheless, the U.S economy is witnessing a period of inflation. According to a report by Kitco, Jon Deane, the CEO of Trovio, explained that we are already seeing inflation. If you look around the world, you see real estate prices, building supplies, and services skyrocket, he said. What we created since the early 1990s is an entire fina ....

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Gold Prices React to Renewed Concerns Over the Ongoing Pandemic


Gold Prices React to Renewed Concerns Over the Ongoing Pandemic
- FinancialBuzz.com News Commentary
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NEW YORK, April 22, 2021 /PRNewswire/  The gold market continued to climb back towards the USD 1,800 an ounce mark on Wednesday, as precious metals benefited from a weaker U.S. dollar and lower bond yields. In part, renewed concerns about the virus helped prevent a rise in long-term bond yields with the 10-year Treasury note yield remaining at around 1.56%. Subdued government debt yields can boost appetite for precious metals which don t offer a coupon. A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge, Lukman Otunuga, Senior Research Analyst at FXTM, told MarketWatch. With concerns likely to rise over how this may impact the world s economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return. Exploits Discovery Corp. (CS ....

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