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Gold Price Will ‘Collapse’ Today If Fed Makes This Key Decision – Adrian Day’s FOMC Preview

The Federal Reserve is likely to raise the federal funds rate below 75 basis points at this week’s Federal Open Market Committee (FOMC) meeting, but the market is up 100 basis points following last week’s CPI. even though it is more likely that you will. Index (CPI) report by Adrian Day, President of Adrian … Read more

Ethereum Plummets After SEC Chairman Says Crypto Could Be Security

SEC Chairman Gary Gensler testifies before the Senate Banking, Housing and Urban Affairs Committee on Thursday, Sept. 15, 2022, in Washington, DC. Photo: Graeme Sloan/Sipa USA (APs) Ethereum, the second largest cryptocurrency in the world, is the network’s widely publicized “.merge‘ comments last Thursday and from the Chairman of the Securities and Exchange Commission that … Read more

The gold market can be in trouble.Bearish sentiment builds as price tests critical support near $1,675

Editor’s Note: Markets are highly volatile, so stay on top of the daily news. Catch up in minutes with today’s must-read news and a quick rundown of expert opinion. Sign up here! (Kitco News) – The gold market may be in trouble as it tests critical support levels after falling to its lowest level … Read more

The Fed’s next move will define what happens next after gold prices precariously fall to pandemic levels

(Kitco News) Gold volatility rocked the market this week, breaking a key support level and pushing the price down towards $1,650 an ounce. But what Precious does next will depend on the language Federal Reserve Chairman Jerome Powell uses at next week’s central bank monetary policy meeting. Gold rose $80 this week before dropping … Read more

British pound hits 37-year low as UK economy skids

London CNN business — The British pound fell to a 37-year low on Friday after new data underscored fears that inflation is weighing on household budgets and the economy may already be contracting. Retail sales fell 1.6% month-on-month in August, the biggest drop since December 2021 and well below economists’ expectations, according to the National … Read more

Another 27% drop in S&P 500 could come if inflation hawks are right, Goldman Sachs team warns

Not exactly this week’s TGIF. Sell-sides are increasingly recognizing that not only is the Fed about to get aggressive in September following recent shock inflation numbers, but that the central bank is pushing rates higher and longer. that it must be maintained. British Pound GBPUSD, -0.73%, In some respects, the , a measure of financial … Read more

Gold prices hit 2020 pandemic lows, Fed rate hike hopes weigh heavily on precious metals

(Kitco News) Gold fell under pressure from aggressive rate hike expectations as US dollar and Treasury yields rose. Precious metals fell nearly $40 from their daily highs to a two-year low. After failing to hold above the $1,700 per ounce level earlier this week, gold retreated further, touching the lows last seen in April … Read more