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  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last year. Labor market conditions have shown signs of improvement in recent months but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy has become somewhat more restrictive. Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation ... (full story)

  •  Guest
  • | IP XXX.XXX.13.86
what will be the direction of gold ? any idea wil proper justification ??
Down instantly but tomorrow and days after will go up
Please, come on Dr. BB..you could do more than this ..USD is falling fast enough...
There is always a price for promises you don't keep!
Quoting Guest
what will be the direction of gold ? any idea wil proper justification ??
just wait for the direction to be established.
Central Banker speak: We guess this is what we want the future to hold. We do not really have an idea what is going to, or should happen, but will manipulate the supply of money by us to make our guilt in bringing this situation about, much less noticable, all inline with our gueess that 2% inflation should beacceptable to the general population.
And we do not really care what they think in any case, becausue economics is complex and they cannot understand it.
So THERE.
CA Bez -
6.5 % unemployment? HA! It is at least DOUBLE that. I personally know of at least 8 ex-colleagues and/or friends unable to find any work for more than 6 months. And these are not blue collar workers.
This is SUCH nonsense, and to think we have to make decisions based on these peoples' figures and projections
CA Bez -
  •  Guest
  • | IP XXX.XXX.65.51
i think, the gold still become safe heaven even USD getting stronger
lot of people belive gold will up to 1614
Quoting Guest
i think, the gold still become safe heaven even USD getting stronger
lot of people belive gold will up to 1614
Yes I believe it but I more believe it with USD$
In my per opinion, For today Gold will be range bound Low as 1600 and if breaks that will touch 1587 and High as 1619 and then come back to 1607 level
  •  Guest
  • | IP XX.XX.140.2
you can lead a horse to water, but you can't make it drink or trade. no trade on this news. status quo.

"Voting against the action was Esther L. George ..."
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  •  Guest
  • | IP X.XXX.217.107
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