A possible taper tantrum is back on the table after the Federal Reserve’s decision to accelerate cuts in its asset-purchase program.
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Precious Metals slumps as traders weigh Omicron variant, Powell comments
Gold fell to the lowest in a month with bond yields rebounding as traders continued to assess the threat of the omicron variant to the economic recovery.
Precious Metals rebounds as traders weigh Omicron against hawkish Powell
Precious Metals rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation.
The Ever-Shifting Shanghai Gold Market Landscape
As the world’s largest gold producer, China plays an outsized role in global gold markets. But in order to fully satisfy domestic demand for jewelry and other forms of gold,…
Precious Metals gains after Powell’s comments on Inflation
Precious Metals recover and the dollar gave up steep losses after Federal Reserve Chair Jerome Powell said the central bank’s test for inflation has clearly been met, and the risk of more persistent inflation has risen.
Precious metals declined as investors weigh Omicron risks to recovery
Gold held a drop as investors continued to weigh the threat of a new coronavirus strain to the global recovery, with the easing of some concerns curbing haven demand.
Precious Metals rally quashed by FED hawkish tone
Precious Metal edged higher on Friday, but is almost back to where it started the month after hawkish hints from Federal Reserve officials buoyed the dollar and blunted support for bullion
Precious Metal rebounds on safe-heaven appeal
Gold and Silver prices rebounded on last of the week, as investors rushed into the perceived haven commodity after South Africa announced a potentially highly contagious new COVID strain.
Precious Metals steady as Dollar pauses Rally
Gold steadied as investors weighed a swath of positive economic data from the U.S. and an indication from Federal Reserve officials of faster tapering.
Precious Metals declines as new U.S. Data signals improving economy
Gold fell to the lowest in almost three weeks as the dollar strengthened after a slew of U.S. data signaled improvements ahead in the world’s biggest economy. An inflation gauge followed by the Fed posted its biggest gain since 1990.
Precious Metals extends decline amid Powel renomination
Gold extended its biggest slide in more than two months following the renomination of Jerome Powell to head the Federal Reserve.
Precious Metals plunges after Biden renominates Powell to Fed Chair
Precious metals extended its decline after the White House announced that President Joe Biden selected Jerome Powell for a second four-year term as Federal Reserve chair while elevating Governor Lael Brainard to vice chair