Authorim 31 name is travis and lived a long hard life just like the most of you so i created this page to hopefully teach some of you a little something about investing and starting young if i knew then what i know now i would be a millionaire
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Gold8/18/2018 Gold ends above $1,200 as dollar adds to weekly declineGold prices climbed on Wednesday, ending above the closely watched $1,200 level as the leading dollar index extended its losses for the week. Prices for the yellow metal extended their gains, then slipped back in electronic trading after minutes from the U.S. Federal Reserve’s August meeting. The minutes signaled support for another interest-rate hike in September, but suggested that officials may have to pause hikes if international trade disputes intensify. Ahead of the Fed minutes, December gold GCZ8, -0.19% climbed $3.30, or 0.3%, to settle at $1,203.30 an ounce after trading as low as $1,199.20. It marked the highest finish for a most-active contract since Aug. 10, according to FactSet data.
In electronic trading shortly after the release of the meeting minutes, prices traded above $1,204, then pulled back below $1,202, as the ICE U.S. Dollar IndexDXY, +0.18% a gauge of the currency against a half-dozen counterparts, briefly traded closer to the lows of the session. It was down a modest 0.1% at 95.127after a half-hour after the release of the Fed minutes. The index has lost about 1% for the week so far. A popular metals exchange-traded fund, the SPDR Gold Trust GLD, +0.22% was up 0.3% in Wednesday dealings. The Fed minutes came ahead of Thursday’s start of the central bank’s symposium in Jackson Hole, Wyo. Trump has criticized Fed policy, voicing his disappointment with higher interest rates under his own nominee, Fed Chairman Jerome Powell. –– ADVERTISEMENT ––Financial market participants are anxious for any further clues on a changed pace for interest-rate hikes. The Fed is expected to raise rates next month and one more time this year, while continuing on a course of moderate rate increases next year.
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10/13/2021 12:20:49 am
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