Gold & Silver eye higher price levels as Fed fumbles

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up don’t miss our exclusive interview with Axel Merk of Merk Investments. Money Metals’ Mike Maharrey and Axel breakdown the all-too-important Fed statement from this week, discuss why the central bank’s projections and economic outlook should almost never be trusted, whether the narrative of a soft landing is accurate one, and why Axel believes people have it all wrong when it comes to the price of gold.

The role I see myself in as an asset manager is in managing risk. And so I ask myself what could possibly go wrong? And that is both on the downside and on the upside, whichever market that you're looking at. And historically, when the Federal Reserve is in a tight environment, they succeed in getting the economy into a recession. Historically, the Federal Reserve then has to react more sharply than they otherwise would, than they had planned previously.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold (XAU/USD) Price Struggles for Direction, Silver (XAG/USD) Looks Boxed InThe weekly gold candle shows a restrictive range of just $25 as the precious metal looks for a driver to help break its current lethargy
Source: DailyFX - 🏆 305. / 63 Read more »

Gold Price Coils Further, Silver Hits a Multi-Week HighGold is seemingly putting together a bullish pennant on the daily chart, while silver looks to push further ahead after Wednesday’s break of resistance.
Source: DailyFX - 🏆 305. / 63 Read more »

Silver Price Analysis: XAG/USD finds some light ahead of Fed meetingIn Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD soars after Fed’s decision, eyes set on $26.00Silver prices climbed on Wednesday after the US central bank, the Federal Reserve, held rates unchanged, delivering a “dovish” hold.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver price pulls back as early Fed rate-cut hopes fadeSilver price (XAG/USD) pulls back at the start of the week and is trading in the $25.10s after reaching close to the top of a long-term range.
Source: FXStreetNews - 🏆 14. / 72 Read more »