Browsing Tag

united states federal reserve

Gold price increases due to dollar weakness

This Friday Gold rose to 1 % and is on track to register a second consecutive weekly gain, due to the weakness in the dollar and the negotiations for new stimulus measures in the United States which led investors to buy bullion as hedge against inflation. By 09:45 GMT the spot gold price stood at $…

Federal Reserve lowers US interest rates by 25 points

The Federal Open Market Committee (FOMC) of the Federal Reserve of the United States (FED) decided to lower interest rates by 25 basis points, to a target range between 1.50% and 1.75%, as reported this Wednesday. This is the third…