Gold Erases Drop as Powell Says ‘Not Time Yet’ For Tapering Talk

Reading Time: < 1 minute

Gold advanced after the Federal Reserve Chairman Jerome Powell said it is “not time yet” to start conversations about slowing the pace of the central bank’s asset purchases. The Fed said that “risks to the economic outlook remain,” softening previous language that referred to the virus posing “considerable risks.” The statement also noted that sectors hit hardest by the Covid-19 pandemic had “shown improvement.”

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed