Western gold investors watching the Fed while Chinese demand dominates the market

- The gold market has been holding significant gains since the start of the year, but the momentum behind the bullish drive has dried up as investors once again focus on the Federal Reserve’s monetary policy.Powell says inflation ‘higher than anybody expected’ and his confidence ‘not as high as it was’

- Federal Reserve Chair Jerome Powell attended a Foreign Bankers’ Association event in Amsterdam on Tuesday, which offered him the opportunity to comment on the U.S. economy in general, and inflation in particular, after PPI came in well above expectations in the morning.While Powell pointed to the progress that was made on inflation in 2023, he acknowledged that this year has not continued the positive trend.

- Northern Europe is a great place to build a mine, said Taj Singh, president and CEO of First Nordic Metals.

Finance Finance Latest News, Finance Finance Headlines

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

Geopolitics, Fed and Chinese GDP DataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Fed's Williams says next Fed move likely to be lower ratesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »