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Barrick Gold Newsroom
Here comes the full text! Powell's press conference was quite hawkish, causing a major reversal in assets. What did he say exactly? (Chinese-English Comparison)
If the economy remains stable and inflation continues to exist, the Federal Reserve will switch to cutting interest rates more slowly; if the labor market unexpectedly weakens or inflation decreases faster than expected, it is also prepared to respond with aggressive interest rate cuts.
Why Gold Has Outperformed Gold Miners
After the Federal Reserve aggressively cut interest rates by 50 basis points, Powell triggered a violent pullback in the gold price! How should one trade gold next?
The gold market in New York experienced dramatic volatility during Wednesday's session. After the Federal Reserve cut interest rates by 50 basis points, spot gold briefly hit a new all-time high. However, Powell's speech caused the price of gold to plummet significantly from its high, falling below $2,550 per ounce at one point. FXStreet analyst Christian Borjon Valencia pointed out that the price of gold briefly reached a historical high of $2,600 per ounce. However, buyers were unable to break through this level, which may pave the way for a pullback in gold prices.
Shocking! Gold price plunges over $53 after Powell's speech from historical highs. What's going on?
#Gold Technical Analysis ##Fed Policy Shift#24K99 News After a 50 basis point rate cut by the Fed on Wednesday (September 18th), Fed Chairman Powell hinted that policy makers were not in a hurry to significantly reduce interest rates, and the gold price fell sharply from its historical high by more than 53 dollars.
The Federal Reserve has made a rare and significant cut of 50 basis points! Powell: Don't think this is a new pace of rate cuts.
Federal Reserve Chairman Powell's hawkish comments indicate that the Fed's economic forecast summary does not indicate any urgency to cut interest rates. Monetary policy decisions will be driven by data, and rate cuts will be accelerated, slowed down, or paused as needed. He stated that the increased downside risks to US employment are worth watching, and the subsiding upside risks to inflation are encouraging, but the fight against inflation is not yet won. The Fed does not have a predetermined policy path and will decide on actions at future meetings.
Express News | Spot gold touched the $2600 mark upward again, hitting a new historical high.
Shares of Gold Stocks Are Trading Higher in Sympathy With Overall Market Sentiment After the Fed Policy Decision to Cut Rates by 50 Basis Points.
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Gold Has Been Pricing in 50bps Cut From Fed: Strategist
Leading institutions: as long as this level is maintained, the price of gold may still have a large increase of nearly $30.
#Gold Technical Analysis# At the early European session on Wednesday (September 18), spot gold rose in the short term, and the price of gold once again returned to above $2570 per ounce.
Will the Federal Reserve welcome its first interest rate cut in four years? Will gold have a bright future?
Not just a simple rate cut! This Fed meeting has a lot of information, investors must fasten their seat belts tonight.
Is the Fed's rate cut cycle "terrifying"? Analyst at ANZ Bank: Gold prices will explore $2,900!
ANZ analyst said that investors should pay attention to the overall interest rate trend, whether the interest rate is cut by 25 or 50 basis points this week, and there will be further interest rate cuts in 2025. The price of gold will rise to $2900 by the end of next year.
Wall Street's "short god": If Harris is elected, he will hold gold and cash.
During the financial crisis, the Wall Street 'God of the Void' Paulson warned that Harris's economic policies would cause investors to panic and lead to the collapse of american financial. If she wins, he will withdraw his money from the market.
There has been a major 'terrorist attack' in the Middle East! After a sharp decline, the price of gold has bounced back strongly. The Federal Reserve decision is coming up. How to trade gold?
On Tuesday, due to the pressure from stronger-than-expected US retail sales, spot gold fell sharply to nearly $2560 per ounce, but later the price of gold significantly rebounded from its low point and closed near $2570 per ounce.
Gold Is Giving You a Once-in-a-generation Buying Opportunity on Its Way to 4,400
Barrick Gold Expects Gold-Equivalent Production to Rise 30% by the End of the Decade
Barrick President And Chief Executive Mark Bristow Says Co Is Projecting A 30% Growth In The Production Of Gold-Equivalent Ounces From Its Existing Assets By The End Of This Decade, While Continuing To Unlock The Value Embedded In Its Portfolio
How Gold Prices May React to the Upcoming Fed Decision