$GLD and $SLV Prices as of January 28 2019 @moneymetals
9:53 AM
January 28, 2019 -- Metals prices spiked on Friday, helped by a decline in the U.S. dollar. This morning, however, prices pulled back.
Federal Reserve officials signaled once again that 2019 will be a year of looser monetary policy, not tighter. Esther George, president of the Kansas City Fed, hinted that the central bank will stop selling from its stockpile of Treasuries earlier than expected.
That move should translate to lower yields and it didn’t take long for the dollar, and metals, to respond. Gold closed back above the $1,300 mark for the first time since June.
Silver is back within range of $16/oz, a level not seen since July.
President Trump conceded to reopening the Federal government without getting a commitment for funds to build a wall on the southern border. The short-term spending measure will allow for federal services and payroll to resume through Feb. 15th.
If lawmakers and the President are not able to come up with a permanent agreement on border security by then, the shutdown may resume – unless Trump declares a national emergency to fund new border infrastructure without Congressional appropriation. Investors will be watching the negotiations carefully.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
Federal Reserve officials signaled once again that 2019 will be a year of looser monetary policy, not tighter. Esther George, president of the Kansas City Fed, hinted that the central bank will stop selling from its stockpile of Treasuries earlier than expected.
That move should translate to lower yields and it didn’t take long for the dollar, and metals, to respond. Gold closed back above the $1,300 mark for the first time since June.
Silver is back within range of $16/oz, a level not seen since July.
President Trump conceded to reopening the Federal government without getting a commitment for funds to build a wall on the southern border. The short-term spending measure will allow for federal services and payroll to resume through Feb. 15th.
If lawmakers and the President are not able to come up with a permanent agreement on border security by then, the shutdown may resume – unless Trump declares a national emergency to fund new border infrastructure without Congressional appropriation. Investors will be watching the negotiations carefully.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
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