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Gold price retreats as Fed stands pat on policy Federal Reserve building. Image from archives. Gold prices reversed course to trade lower on Thursday after the US Federal Reserve acknowledged a brighter outlook for the economy, though the central bank remains firm on its dovish policy stance. Spot gold fell by 0.8% to a near 1-week low of $1,765.96/oz by noon ET, while US gold futures were down 0.4% to $1,767.40/oz. Sign Up for the Precious Metals Digest Sign Up “The fact that the Fed was optimistic about the economic recovery means that gold will find it difficult to break higher immediat...

Thursday, 4/29/2021 14:20 GOLD INVESTING prices whipped in a $10 range either side of last week's finish in Asia and London trade Thursday, moving around $1780 per ounce as global stock markets rose – along with government borrowing costs – following yesterday's "no change" decision on US interest rates and QE from the Federal Reserve.   Asked if the Fed is "talking about talking about tapering" its $120 billion per month of new money creation and bond buying, "The economy is a long way from our goals," said the central bank's president ...

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Silver demand to climb to a six-year high, what India’s massive gold import figures for March tell us about Asian gold demand, and a stash of antique coins in New England sheds light on a famous historical figure. Silver Institute: Silver demand will climb to its highest since 2015 this year In a joint report published on Thursday, The Silver Institute and precious metals consultancy Metals Focus said that silver demand this year should climb to its highest level since 201...

Gold Prices Hold Stable as Investors Appraise Policy Decisions FinancialBuzz.com News Commentary Share this article Share this article 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 concl...

April 27, 2021 Silver prices are poised to surge 30% this year as global demand for the metal increases, according to a new report from The Silver Institute. Demand suffered last year, but a late price surge put silver at $20.55/oz, a 27% increase over 2019’s annual average and the highest silver has been priced since 2013. The report’s authors project an average annual silver price this year of $27.30/oz, though the metal could potentially go even higher, up to $32/oz. In 2020, silver benefited from its status as a safe haven for investors worried about the pandemic’s effects on the ...