Reversals across many markets, while gold remained resilient | Kitco News

This week the Federal Reserve addressed revisions to its current monetary policy in its attempt to reduce the current levels of inflation to an acceptable target. The release of the Federal Reserve’s FOMC statement, coupled with Chairman Powell’s press conference, resulted in a major rally in U.S. Yesterday market participants had 24 hours to digest […]

Is the Fed at peak hawkishness? Rising sentiment in gold market says yes | Kitco News

central bank looks to raise interest rates by another 50 basis points at the next two meetings, Federal Reserve Chair Jerome Powell pushed back on market expectations of a bigger 75-basis point move. Other central banks will have to step up with their tightening measure,” said Philip Streible, chief market strategist at Blue Line Futures. […]

Gold and bitcoin jump as Fed’s Powell takes 75bps hike off the table in June | Kitco News

There was a significant rally in gold, bitcoin, and the U.S. “A 75-basis-point increase is not something the committee is actively considering,” Powell told reporters Wednesday. “Households and businesses are in strong financial shape, the labor market is very very strong, the economy is strong and is well-positioned to handle tighter monetary policy. economy is […]

How sensitive is Bitcoin to Wednesday’s Fed announcement? Here’s price outlook breakdown

“I like to point to Paul Tudor Jones’ May 2020 letter to investors, where he talks about unprecedented levels of global monetary stimulus and the fact that fiat money can be printed away. “As institutional adoption continued to increase, so did correlation of Bitcoin relative to the equities market. “A pivot in the Fed language […]

Europe’s electricity market not in need of redesign, regulators say | Kitco News

European energy prices hit record highs this year after the invasion of Ukraine by Russia, Europe’s top gas supplier. That followed months of already high gas prices, caused by surging demand in economies recovering from the COVID-19 pandemic and growing concerns about Russian supply. “ACER finds that the current wholesale electricity market design ensures efficient […]