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Gold prices jump as Powell talks about the possibility of a recession and restricted rates

(Kitco News) Gold erased initial losses caused by the Federal Reserve, jumping more than 1% on the day. Prices reacted to Federal Reserve Chair Jerome Powell’s comments on recession and peak prices after the third straight rise of 75 basis points on Wednesday. December Comex gold futures neared $1,700 an ounce as prices jumped more …

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The price of gold will “collapse” today if the Federal Reserve makes this decisive decision – FOMC Adrian Day Preview

The Federal Reserve is likely to raise the federal funds rate by no more than 75 basis points at this week’s FOMC meeting, although markets had expected a 100 basis point hike after last week’s consumer rate. Index (CPI) report, according to Adrian Day, Adrian Day’s head of asset management and portfolio manager at Euro …

The price of gold will “collapse” today if the Federal Reserve makes this decisive decision – FOMC Adrian Day Preview Read More »