Fed is making a policy mistake that will eventually be positive for gold

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- The gold market is struggling as expectations for the start of the Federal Reserve’s easing cycle continue to be pushed back; however, according to one market strategist, the longer the central bank waits, the greater the risk of a policy mistake, which could ultimately be positive for the precious metal. - Gold and silver prices are weaker in afternoon trading Wednesday but trading not far from levels seen just before the just-released report on U.S. monetary from the Federal Reserve.

Cryptocurrency prices trended lower on Wednesday as concerns about the health of the global economy finally caught up with financial markets, with both cryptos and stocks taking a hit.As the Ethereum Dencun upgrade approaches on March 13, Kitco Crypto spoke with several experts to understand what the upgrade entails and how it will improve the Ethereum layer-two landscape.

- Gold prices remain under pressure but continue to consolidate above $2,000 an ounce as the Federal Reserve has signaled that its monetary policy has peaked, but it remains in no hurry to ease interest rates, according to the minutes of the January monetary policy meeting. - The global shift in the gold market continued unabated in January as trade data from Switzerland showed robust flows of the precious metal to Eastern nations.

- Wednesday’s 2 pm EST release of the minutes from the January FOMC meeting is the only significant economic news event on the docket this week, and it has captured the attention of precious metals markets, with traders and analysts weighing in on gold’s potential responses to the revelations they may contain.

 

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