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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (62083)	7/10/2019 2:35:34 PM
From: Goose94	Read Replies (1) of 202716

Gold: Catches A Second Wind Following Dovish Federal Reserve Minutes Backing up testimony from Federal Reserve Chairman, Jerome Powell, the U.S. central bank sees a strong case of a rate cut building, according to the minutes from the June Federal Open Market Committee meeting. Although the U.S. central bank left interest rates unchanged following the meeting the minutes show that support for looser monetary policy as economic risks weighed to the downside. Gold prices were already enjoying strong gains after Powell said, in day-one of testimony before Congress, that growing uncertainty is weighing on potential economic growth. Gold prices pushed well above $1,400 an ounce following his comments. The yellow metal has caught a second with prices trading just below session highs. August gold futures last traded at $1,416.60 an ounce, up 1.15% on the day. Neils Christensen Kitco.com

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