fomc-meeting-1-31-2024

January FOMC Meeting

Today’s FOMC meeting confirmed no rate cuts. Gold prices trended slightly upwards but down from daily highs, closing around $2,050 after the news. Silver prices are trading lower, closing around $23. Fed Chair Jerome Powell’s speech today reiterated the decision to keep rates unchanged. The committee intends to lower the target federal funds rate once […]

CPI Release 1.11.24

January CPI Release

The Bureau of Labor Statistics CPI release led to slight market fluctuations today. Gold prices were trending in the $2,040 range earlier this morning but fell to $2,025 due to the strengthening of the dollar. Silver prices also dipped to the mid $22 range, continuing a 4-week gradual decline. The Consumer Price Index rose 3 […]

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