$GLD and $SLV Prices as of April 30 2018 @moneymetals
9:16 AM
April 30, 2018 -- Silver and gold prices moved lower last week, wilting as the U.S. dollar racked up its best weekly performance since November 2016. The move drove some short covering and puts the dollar into a better position on trader’s charts.
First quarter GDP estimates came in slightly better than expected and that boosted the probability the Fed will hike rates during this week’s meeting. This dynamic added to the dollar’s momentum Friday. Stock markets, however, did not welcome the prospect of higher rates and ended the week on a down note.
The chances of a hike this week are still less than 50% according to consensus.
Most expect Fed officials will delay until the next FOMC meeting in mid-June. Markets are anticipating two or three hikes between now and the end of the year.
It will be a busy week in terms of scheduled economic data. In addition to Wednesday’s Fed pronouncement on rates, investors will get a look at the key report on income and spending. On Friday, the major monthly report on jobs will be out.
Check out live prices here:
https://goo.gl/sggYF1
First quarter GDP estimates came in slightly better than expected and that boosted the probability the Fed will hike rates during this week’s meeting. This dynamic added to the dollar’s momentum Friday. Stock markets, however, did not welcome the prospect of higher rates and ended the week on a down note.
The chances of a hike this week are still less than 50% according to consensus.
Most expect Fed officials will delay until the next FOMC meeting in mid-June. Markets are anticipating two or three hikes between now and the end of the year.
It will be a busy week in terms of scheduled economic data. In addition to Wednesday’s Fed pronouncement on rates, investors will get a look at the key report on income and spending. On Friday, the major monthly report on jobs will be out.
Check out live prices here:
https://goo.gl/sggYF1
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