{"id":1044770,"date":"2018-09-26T23:40:56","date_gmt":"2018-09-26T23:40:56","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=1044770"},"modified":"2018-09-26T23:40:56","modified_gmt":"2018-09-26T23:40:56","slug":"gold-flat-after-fed-hikes-interest-rates-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1044770","title":{"rendered":"Gold Flat After Fed Hikes Interest Rates"},"content":{"rendered":"

By Nicole Rashotte<\/a><\/span> <\/p>\n

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After two days of meetings regarding monetary policy, the US Federal Reserve officially <\/b>announced<\/b><\/a> the third interest rate hike of the year on Wednesday (September 26). <\/b><\/p>\n

The Fed lifted the target federal funds rate by 25 basis points from 2 percent to 2.25 percent, leaving gold virtually unchanged from its <\/span>decline<\/span><\/a> prior to the hike announcement.<\/span><\/p>\n

This will be the Fed’s eighth hike in two years, and, as Jim Wyckoff from Kitco news stated, \u201c[the Fed’s] long-term inflation prospects remain unchanged, and non-problematic, despite the recent strong US economic growth.\u201d<\/span><\/p>\n

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Is it a good time to buy gold stocks?<\/h2>\n

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Learn to profit from gold’s low price this year!<\/h4>\n

Give me my free report! <\/a><\/p>\n<\/div>\n<\/div>\n

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This announcement adds to the roadblocks that the yellow metal has faced as of late. Gold has fallen more than 12 percent from an April high thanks to the greenback rallying on the back of increasingly positive US economy, expectations of higher US interest rates and fears of a global trade war.<\/span><\/p>\n

Due to the current geopolitical landscape, investors are shying away from the once \u201csafe-haven\u201d dubbed <\/span>precious metals<\/span><\/a> and favouring US currency, which has speculators ramping up their bets that gold prices will fall.<\/span><\/p>\n

In addition to today’s interest rate hike, the markets are also reacting to the Federal Reserve’s guidance regarding future interest rates. The Fed is on pace to raise rates one more time in December of this year, three times in 2019 and one in 2020.<\/span><\/p>\n

The policy statement also <\/span>marked the end of the era of \u201caccommodative\u201d monetary policy.<\/span><\/p>\n

\u201cThe Fed’s announcement today, which included no change in the median number of expected rate hikes, and the addition of projections for 2021, shows the committee expects economic conditions to slow towards longer-term trends over the next three years,\u201d said Roger Aliga-Diaz, chief economist, Americas, Vanguard Group. <\/span><\/p>\n

\u201cAdditionally, the removal of the \u201caccommodative\u201d language on policy sent a somewhat hawkish message to financial markets\u2014as this was offset by expectations for stronger growth in 2018 and 2019,\u201d he added.<\/span><\/p>\n

As of 4:00 p.m. EST gold was down 0.52 percent, trading at US$1,194.60 per ounce.<\/span><\/p>\n

Don’t forget to follow us <\/span><\/i>@INN_Resource<\/span><\/i><\/a> for real-time news updates!<\/span><\/i><\/p>\n

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article. <\/b><\/p>\n

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\n\"gold<\/a><\/div>\n
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\n<\/a><\/p>\n

Is it a good time to buy gold stocks?<\/h2>\n

<\/p>\n

Learn to profit from gold’s low price this year!<\/h4>\n

Give me my free report! <\/a><\/p>\n<\/div>\n<\/div>\n

<\/p>\n<\/div>\n

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The post Gold Flat After Fed Hikes Interest Rates<\/a> appeared first on Investing News Network<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Investing News Network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Nicole Rashotte After two days of meetings regarding monetary policy, the US Federal Reserve officially announced the third interest rate hike of the year on Wednesday (September 26). The Fed lifted the target federal funds rate by 25 basis points from 2 percent to 2.25 percent, leaving gold virtually unchanged from its decline prior […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[359],"tags":[],"class_list":["post-1044770","post","type-post","status-publish","format-standard","hentry","category-inn"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1044770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1044770"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1044770\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1044770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1044770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1044770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}