Top Stories This Week: Fed Minutes Spark Speculation, UEX Bidding War Wraps Up

Top Stories This Week: Fed Minutes Spark Speculation, UEX Bidding War Wraps Up

After breaching the US$1,800 per ounce mark last week, the gold price trended down this week.

The yellow metal fell from about US$1,782 at the start of the period to just under US$1,750 at the time of this writing on Friday (August 19) afternoon, reaching its lowest level so far in August.

Attention has been directed at the latest US Federal Reserve meeting minutes , which cover the central bank’s late-July meeting. Minutes are always carefully scrutinized by market watchers, and that’s especially true right now with interest rates and high levels of inflation still top of mind for investors.

However, the takeaways from the latest document are fairly murky — while officials suggested that they will eventually need to slow the pace of rate hikes, they left the door open for another large increase in September.The next Fed meeting is scheduled to run from September 20 to 21, but commentary […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet