13Sep

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices drifted lower on Wednesday, briefly falling below the key $1,200-level, as investors awaited further developments in the ongoing trade spat between the U.S. and its major trading partners. Comex gold futures were down around 20 cents at $1,202.00 a troy ounce by 10:20AM ET (1520GMT). Meanwhile, spot gold was trading at $1,196.64 per ounce. It touched its lowest since Aug. 24 at $1,187.21 on Tuesday.
  • OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year. In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last month and the second consecutive reduction in the forecast.
  • West Texas Intermediate oil extended gains in North American trade on Wednesday, after weekly data showed that oil supplies in the U.S. registered a larger-than-expected draw. Crude oil for October delivery on the New York Mercantile Exchange $1.37 cents, or 1.92%, to trade at $70.62 a barrel by 10:33 AM ET (14:33 GMT) compared to $70.42 ahead of the report. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 5.296 million barrels in the week ended September 7.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Vietnam should be more flexible in handling its exchange rate, and is on track to cut its public debt to about 60 percent of gross domestic product by 2020, its finance minister said in an interview on Wednesday. The dong currency has weakened 2.5 percent this year, which traders say stems from the U.S-China trade war, and remains near a record low against the U.S. dollar hit last month. Vietnam’s central bank has been building up U.S. dollar reserves to shore up the dong, which experts have advised should be allowed to depreciate more and better reflect market conditions.
  • Britain will remain a major hub for global finance, regardless of what happens with Brexit, a senior Bank of England official said in an interview published by Wales media group WalesOnline on Wednesday. Alex Brazier, the central bank’s executive director for financial stability strategy and risk, said during a visit to Cardiff said it was hard to predict what exactly would happen if Britain left the European Union next year without a trade deal.
  •  New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe’s single market. Brexit poses the biggest challenge to the City of London’s finance industry since the 2007-2009 financial crisis, since it might mean banks and insurers lose access to the EU, the world’s biggest trading bloc.

COMEX GOLD SIGNAL

12Sep

Singapore Stocks Watch: STI resumes Wednesday evening at 3,109.16, down 0.02% on day

Singapore Stocks Watch: SINGAPORE stocks continued exchanging level on Wednesday evening, with the Straits Times Index falling 0.02 for each penny or 0.75 point to 3,109.16 as at 1.01pm.

Gainers and washouts were equitably coordinated, with 144 securities up to 155 down after 995.3 million securities worth S$448.9 million changed hands.

Among the most vigorously exchanged by volume, Rex International Holding progressed 5.6 for every penny or S$0.005 to S$0.095 with 52.9 million offers exchanged. KrisEnergy rose 7.3 for every penny or S$0.007 to S$0.103 with 31.9 million offers exchanged.

Dynamic file stocks included DBS Group Holdings, down 0.5 for every penny or S$0.12 to S$24.12; and Yangzijiang Shipbuilding (Holdings), up 3.7 for each penny or S$0.04 to S$1.13.

Singapore firms drove US’ interests in Asia in 2017

Speculations grew 7.41% to US$274.26b, outperforming China and Japan.

Singapore kept on gobbling up the biggest offer of the United States’ immediate interests in Asia, information from the Department of Commerce uncovered. US interest in Singapore grew 7.41% from US$255.34b in 2016 to US$274.26b in 2017, outperforming interests in China (US$107.6b) and Japan (US$129.1b).

The US’ coordinate interest in Asia ascended by US$60.07b (9.33%) from US$881.13b in 2016 to US$941.2b. Sarah A. Stutzman, creator of the Survey of Current Business for August 2018, included, “The biggest increments happened in Singapore, Hong Kong, and China.”

Generally speaking, coordinate speculations from the US in all nations bounced by 7.6% to US$6.01t. The development in 2017 for the most part reflected reinvestment of profit in progressing activities and valuation and also different changes.

Five nations represented the greater part of US multinational ventures’ interest in 2017: the Netherlands, the UK, Luxembourg, Ireland, and Canada. Singapore took up 4.5% of the worldwide aggregate.

Outward immediate speculation position expanded in five of the six noteworthy geographic regions. US parent organizations’ interest in their European subsidiaries had the biggest dollar and rate increments, trailed by members in the districts of Latin America, Other Western Hemisphere, and the Asia Pacific. Africa was the main real zone to encounter a reduction in the outward position.

Interestingly, Singapore’s interests in the US fell 1.2% from US$23.58b to US$22.36b. This depends on information arranged by the nation of every individual from the US parent.

“The assessment approach condition was especially unverifiable in the United States in 2017 contrasted and that in different nations. The possibility of US impose law changes, which were passed toward the finish of 2017, may have backed off internal venture, especially for speculations organized—at any rate to some extent—to exploit bring down assessment rates abroad,” Stutzman said.

In general, the US’ internal venture position esteemed at chronicled cost grew 6.9% out of 2017, down from 12.2% out of 2016.

In the interim, Asia’s immediate interest in the US on an extreme gainful proprietor (UBO) premise developed by US$67.7b to US$793.6b in 2017. The biggest increments were from Japan (54.6%), South Korea (9.4%), and Singapore (5.8%).

12Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were driven lower on Tuesday as the U.S. dollar rallied amid Sino-U.S. trade tensions. Comex gold futures for December delivery fell 0.23% to $1,197.10 a troy ounce as of 10:25 AM ET (14:25 GMT). U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods. Meanwhile, China is planning to ask the WTO for permission to impose sanctions on the U.S., according to a WTO meeting agenda.
  • Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Benchmark Brent crude oil (LCOc1) was up 40 cents at $77.77 a barrel by 0950 GMT. U.S. light crude (CLc1) was up 5 cents at $67.59. “The path of least resistance for oil prices, given the supply fundamentals, remains up,” Harry Tchilinguirian, oil strategist at BNP Paribas (PA:BNPP), told Reuters Global Oil Forum.
  • “Push the steel mills out of the city center and turn it into a modern, habitable place to live in,” reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the center of Tangshan, China’s top steelmaking city. Behind the gates of the factory, surrounded by a hospital, a shopping mall and high-rise apartment blocks, workers and bulldozers were busy on a recent visit tearing down furnaces as part of a 38 billion yuan ($5.5 billion) plan to move to a new industrial park 60 kilometers (37 miles) away.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The wrong Brexit deal could cost tens of thousands of jobs, the boss of Britain’s biggest carmaker Jaguar Land Rover warned on Tuesday, saying he had no idea whether his plants would be able to operate after Britain leaves the European Union next year. Ralf Speth also said that the company would not be able to build cars if customs checks meant that the motorway to and from the southern English port of Dover, which is used to transport components, becomes a “car park” due to snarl-ups.
  • It is an image that became a symbol of the global financial crisis — about 20 bankers, their backs turned to the window, attending an emergency meeting at the London office of Lehman Brothers as the firm slid toward collapse. Gwion Moore, one of those pictured in the Reuters photograph taken on Sept. 11, 2008, recalled how the growing sense of panic in financial markets contrasted with the mood inside the building at the time. “
  • A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s (L:HSBA) private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds. Spain’s High Court is considering Switzerland’s second extradition request against Herve Falciani, a French citizen who worked for HSBC, over alleged industrial sabotage in 2008.

GOLD TRADING FORECAST TODAY

12Sep
forex

Forex Report| Epic Research

INTERNATIONAL CURRENCY BUZZ

Forex – U.S. Dollar Flat, Euro Rises Amid Geopolitical Concerns
Forex – Euro rises as Italian debt concerns ease; sterling builds on gains
Forex – GBP/USD could rebound further and test 1.3170 – UOB

EUR/USD

The U.S. dollar was flat against other currencies on Tuesday, as investors worried about Chinese-U.S. trade relations. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.03% to 95.09 as of 5:19 AM ET (9:19 GMT). Trade war tensions continued to worry investors. Robert E. Lighthizer, the United States trade representative met with European Union officials in Brussels on Monday to discuss trade tariffs. While Lighthizer called the talks “constructive,” a deal is not likely to be reached as soon as the White House administration would like. Meanwhile U.S. President Donald Trump wants to impose tariffs on almost all imported Chinese goods .China’s foreign ministry said on Monday that it would respond to any new steps on trade. The dollar rose against the safe-haven yen, with USD/JPY increasing 0.22% to 111.36. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.

GBP/USD

“GBP rocketed upon Barnier’s comment and took out last Friday’s peak of 1.3029 (overnight high of 1.3052). The rally appears to be running ahead of itself but there appears to be enough momentum for GBP to test the strong 1.3070 resistance first before it should settle down (next resistance at 1.3105 is likely out of reach). On the downside, only a break of 1.2965 would indicate that a short-term top is in place (minor support is at 1.2990)”. “GBP continues to trade in a volatile manner as it dropped to a low of 1.2898 yesterday before rocketing to hit an overnight high of 1.3052 (after Barnier’s comments). The overnight high was just above the top of our expected 1.2800/1.3050 consolidation range and the subsequent strong daily closing in NY suggests there is room for further GBP gains. That said, it is too soon to expect a shift to a bullish phase even though GBP could test 1.3170 from here. For now, we view any strength as a corrective rebound and not the start of a sustained up-move.

 

12

11Sep

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices were flat on Monday amid expectations of a Federal Reserve rate hike and trade war tensions lowered investor sentiment. Comex gold futures for December delivery fell 0.08% to $1,199.40 a troy ounce as of 4:43 AM ET (8:43 GMT). The price of gold was flat as Friday’s upbeat jobs repor increased expectations of a Fed rate hike in September. Expectations of higher interest rates tend to boost the dollar by making the currency more attractive to yieldseeking investors.
  • Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. Benchmark Brent crude oil rose $1.09 a barrel, or 1.4 percent, to a high of $77.92 and was trading at $77.85 by 0900 GMT. U.S. light crude was 70 cents higher at $68.45.
  • Plans for a deal under which Russia and Kazakhstan are to supply wheat to Iran have stalled as “no progress” has been made in its financing, the secretary general of the Iran Federation of Food Industry Associations said. Talks on the deal began six months ago. It would see Russia and Kazakhstan supplying wheat to Iranian flour millers, who in turn would supply flour to Iraq — a market dominated by Turkey.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • European Union trade chief Cecilia Malmstrom met her U.S. counterpart for the first time on Monday since President Donald Trump dropped his threat to impose tariffs on EU cars, saying they had discussed how to achieve concrete results soon. Malmstrom hosted United States Trade Representative Robert Lighthizer in Brussels on Monday. The two are set to meet again at the end of September.
  • Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans haven’t been this optimistic about future pay raises since the century began, according to the Conference Board’s monthly surveys.
  • Turkish economic growth slowed to 5.2 percent year-on-year in the second quarter, data showed on Monday, in what officials described as an “economic rebalancing” before an expected second-half slowdown as Turkey grapples with a currency crisis. President Tayyip Erdogan has overseen strong growth during his 15 years in power but the economy is now facing challenges after a sharp decline in the lira, triggered partly by concerns about his influence over monetary policy.

COMEX GOLD SIGNAL

10Sep

Singapore Stocks Watch: STI resumes Monday at 3,118.42, down 0.5% on day

SINGAPORE stocks fell on Monday evening’s exchanging resumption, with the Straits Times Index declining 15.97 focuses or 0.5 for each penny on the day to 3,118.42 as at 1.02pm.

Washouts dwarfed gainers 199 to 93, or around two securities down for each one up, as around 934.1 million securities worth S$394.7 million altogether changed hands.

The most effectively exchanged counter was Rex International, which increased seven Singapore pennies or 8.3 for each penny to S$0.09 with almost 75 million offers evolving hands.

Different actives included New Wave Holdings with 60 million offers exchanged at one Singapore penny each, and BlackGold Natural Resources with 25.3 units exchanged at 2.6 Singapore pennies each.

Dynamic list stocks by esteem included Golden Agri-Resources, which lost a large portion of a Singapore penny or 2 for each penny to S$0.25, and Singtel, which fell 3 Singapore pennies or 1 for every penny to S$3.10.

Singapore Stocks to watch: Keppel Corp, Keppel T&T, SPH, Vibrant Group, United Engineers

THE accompanying organizations saw new improvements which may influence exchanging of their offers on Monday:

Keppel Corp, Keppel T&T: Mainboard-recorded Keppel Corporation said early Monday that it has gone into consented to contingent arrangements to mutually create and work a high-accessibility server farm in Bogor close Jakarta with Indonesian combination The Salim Group. The assention was marked by Keppel and The Salim Group through the Alpha Data Center Fund (Alpha DC Fund), overseen by Alpha Investment Partners Limited (Alpha), and Keppel Data Centers Holding Pte Ltd.

Singapore Press Holdings: It has procured an arrangement of 14 reason assembled understudy convenience structures crosswise over six towns and urban communities in the United Kingdom for a money thought of about £180.5 million (S$321 million), it reported on Monday morning before the market opened. The structures, procured in a deal and buy concurrence with Unite Group plc, have an aggregate limit of 3,436 beds. They incorporate 10 freehold resources and four leasehold resources, and are situated in set up college towns and urban areas with extensive full-time understudy populaces, specifically London, Birmingham, Bristol, Huddersfield, Plymouth and Sheffield.

Lively Group: Eight backups of coordinations firm Vibrant Group are confronting a claim concerning a claim that they neglected to conform to certain installment and certification commitments, among others, under the fund reports identifying with a 500 million yuan (S$100.7 million) advance office for which they had given security. The suit was recorded by China Minsheng Banking Corporation Limited (Chongqing branch) in the Chongqing People’s High Court against 12 parties, including eight of Vibrant Group’s auxiliaries held through its completely claimed auxiliary Blackgold International Holdings Pty Ltd.

10Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices headed lower on Friday as the U.S. jobs report showed that wage inflation accelerated to its fastest pace since April 2009, increasing the odds that the Federal Reserve will follow through on two more interest rate hikes this year. At 10:48 AM ET (14:48 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0.09%, to $1,203.20 a troy ounce, compared to $1,206.70 ahead of the release.
  • Oil prices fell on Friday, as U.S. crude inventories fell to their lowest levels since 2015 and investors looked ahead to weekly rig numbers. West Texas crude oil futures slumped 0.60% to $67.36 a barrel as of 11:24 AM ET (15:24 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., decreased 0.41% to $76.19. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 4.302 million barrels in the week ended Aug. 31.
  • China’s crude oil imports rose 6 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners, according to Reuters calculations based on official data on Saturday. Arrivals last month were 38.17 million tonnes, or 8.99 million barrels per day (bpd), according to Reuters calculations based on official data.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China’s trade surplus with the United States widened to a record in August even as the country’s export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. The politically sensitive surplus hit $31.05 billion in August, up from $28.09 billion in July and surpassing the previous record set in June.
  • Continued job growth and the fastest wage increases in nearly a decade leave the Federal Reserve’s current plans for interest rate increases intact, with no sign the economy is yet overheating, Cleveland Fed President Loretta Mester said on Friday. Mester, a current voter on rate policy who has been among the most concerned about inflation and financial stability risks, said that the U.S. employment report for August released earlier on Friday was “strong” and a sign that pay increases have spread across industries and to weaker parts of the country.
  • The Federal Reserve should keep raising U.S. interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday. Kaplan has previously said he thinks the Fed should raise rates three or four more times over the next nine to 12 months to lift interest rates to the 2.5 percent to 2.75 percent range he views as neutral, a view he reiterated on Friday at a conference at his bank’s headquarters.

GOLD TRADING FORECAST TODAY

7Sep

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices edged up on Thursday morning in Asia after hitting an 11-day low on Tuesday, as the U.S. dollar traded lower. Gold futures for December delivery rose 0.31% to $1,205 at 11:30PM ET (03:30 GMT) on the Comex division of the New York Mercantile Exchange. The U.S. dollar index, which tracks the greenback to a basket of other currencies, fell by 0.11% to 94.97, as British pound and the Euro rose on breakthrough from Brexit talks.
  • Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods. U.S. sanctions against Iran, however, prevented prices from falling further as they are expected to tighten the market after being implemented from November, traders said.
  • U.S. oil producer ConocoPhillips (N:COP) is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday. Conoco last month suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Top U.S. and Canadian trade negotiators were set for a second day of talks on Thursday over a revised North American Free Trade Agreement after their subordinates worked late into the night to flesh out opportunities for a compromise deal. Canadian Foreign Minister Chrystia Freeland sounded sanguine on Wednesday as she emerged from negotiations with top U.S. trade negotiator Robert Lighthizer, although she cautioned that no trade deal was done until the last issue was nailed down.
  • A Brazilian Supreme Court justice on Thursday rejected the latest appeal by jailed former president, Luiz Inacio Lula da Silva, that he be allowed to run in next month’s election. Justice Edson Fachin, in a decision posted on the court’s website, ruled against the request from Lula’s legal team, which argued that Brazil was required to follow the recommendation of the United Nations Human Rights Committee and allow Lula to run for office from jail.
  • China will study how to lower the social security tax rate to ensure the tax burden for all companies – including venture capital firms – does not increase, the state cabinet was cited by state radio as saying on Thursday. China’s tax bureau will take over social security collection from the Social Security Bureau in 2019, a move seen enforcing greater compliance by companies as the government frets over an aging population and rising pension deficit.

7sept5

6Sep

Facebook to set up $1b server farm in Singapore

Facebook said on Thursday it will contribute more than $1 billion to construct its first server farm in Asia in Singapore, slated to open in 2022. Facebook’s office will be situated in the west of the island, close where Google is extending its Singapore server farms in a $850 million venture as versatile development, online business and distributed computing request ascend over the area. “This will be our first server farm in Asia,” Thomas Furlong, Facebook’s VP of foundation server farms, said at a public interview with neighborhood experts in Singapore. He said the office was relied upon to open in 2022 relying upon the speed of development.

Facebook said in an announcement the 170,000 square meter office spoke to a speculation of more than S$1.4 billion ($1 billion) and would bolster several occupations. Facebook has various server farms in the United States and additionally Ireland and Sweden, and it is building an office in Denmark. “The server farm isn’t nation particular to where clients are found… it’s a dynamic procedure,” said Furlong.

6Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices rose on Wednesday morning in Asia, driven by the ongoing currency crisis in Argentina, which economists expect could lead to a recession, a weaker peso and higher inflation. Gold futures for December delivery went up 0.06% to $1,199.7 at 10:47PM ET (02:47 GMT) on the Comex division of the New York Mercantile Exchange. A monthly survey by Bloomberg on Tuesday showed that Argentina’s inflation is expected to hit 40.3% at the end of the year, higher than the 31.8% forecasted in July.
  • Oil fell toward $77 a barrel on Wednesday as a tropical storm hitting the U.S. Gulf coast weakened and moved away from oil-producing areas, easing supply concerns. Crude had jumped the previous day as oil companies shut dozens of offshore platforms in anticipation of damage from tropical storm Gordon. But by Wednesday the storm was weakening, reducing its threat to oil producers.
  • U.S. oil producer ConocoPhillips (N:COP) is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday. Conoco last month suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Argentina’s peso lost nearly 1 percent against the U.S. dollar early on Wednesday as government officials met with the International Monetary Fund in Washington to try to secure early cash disbursements under an emergency financing deal. The peso opened down 0.89 percent at 39.4 to the dollar despite Economy Minister Nicolas Dujovne saying in Washington on Tuesday evening that he hoped to clinch a deal with the IMF within a month.
  •  Italy is unlikely to get one of its own appointed as the next head of Europe’s banking watchdog, sources say, diminishing Rome’s chances of retaining its influence over the European Central Bank once ECB chief Mario Draghi steps down next year. The ECB is looking to replace Daniele Nouy, a French national, as the head of the Single Supervisory Mechanism (SSM) — the first of four top jobs at the central bank coming up for grabs in the next 15 months.
  • The U.S. Federal Reserve should hold off on further interest rate rises because the stance of monetary policy is already at neutral or possibly restrictive, St. Louis Federal Reserve Bank President James Bullard said on Wednesday. Bullard has repeatedly raised the alarm over the central bank’s plan to keep raising its benchmark lending rate and pointed to financial market signals as the best indicator of how policymakers should proceed.

GOLD TRADING FORECAST TODAY

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