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Fed cuts bond-buying in first step away from stimulusThe Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the US economy was finally strong enough for it to start scaling down its massive bond-buying stimulus. The central bank mod More… |
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Gold firms on hopes of US monetary stimulusGold prices firmed for a third session on Monday on expectations the Federal Reserve will further stimulate monetary policy when it meets later this week, and as the dollar edged lower versus the euro. Investors are awaiting the o More… |
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Gold extends losses as US stimulus hopes fadeGold edged lower on Wednesday, extending a nearly 2 per cent tumble in the previous session, as the minutes of the US Federal Reserve's last policy meeting showed diminishing appetite for further monetary stimulus. Expectations of anot More… |
