Markets News Regulators 

Gold scales over five-month peak, investors await Fed outlook

“Gold prices edged higher to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting” reports cnbc.com. “The market is largely in a holding pattern as everyone is focusing on the FOMC (Federal Open Market Committee) meeting …Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 1.08 percent to 771.79 tonnes on Tuesday.Lower interest rates reduce the opportunity cost of holding non-yielding bullion and…

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Markets News Regulators 

US dollar struggles near one-week low ahead of Fed rates signal

“The dollar index was down 0.25 percent at 96.86, hovering near a one-week low as it extended losses into the second day” reports cnbc.com. Risk sentiment has been soured by weaker-than-expected economic data out of China and the eurozone, while the Sino-U.S. trade dispute and a collapse in oil prices have added to fears the global economy is fast losing momentum.”The positioning going into the FOMC meeting is very defensive and that’s why we are seeing the dollar weakening,” said Michael McCarthy, chief markets strategist at CMC Markets. Source: cnbc.com Share…

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News Stocks 

After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite

“Bank of America Merrill Lynch also released it survey of fund managers on Tuesday” writes unknown author for cnbc.com. But now, the dollar has become fund managers’ number one trade.Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year.Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Source: cnbc.com Share This:

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Crypto News 

Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

“Bloomberg News reported Tuesday that it has seen Tether bank statements indicating that, over four separate months at least, the company held sufficient dollars to back the tether (USDT) tokens on the market” reports coindesk.com. Bank statements for several other non-consecutive months also indicated its dollar reserves matched tokens on the market, says Bloomberg. Source: coindesk.com Share This:

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News Regulators Stocks 

Gold slips from 1-week high ahead of the Fed’s policy update

“The Fed will be joined by the Bank of Japan and the Bank of England in offering policy updates this week” writes Markets Commodities Reporter for marketwatch.com. Stock weakness can support gold, but gold’s haven popularity has been subdued for the most part so far in December.Gold prices on Tuesday slipped from the roughly one-week high they settled at a day earlier, with a weaker dollar limiting any losses for the precious metal ahead of a monetary policy update this week from the Federal Reserve.Traders also eagerly awaited hints from…

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News Regulators Stocks 

Gold near 1-week high, underpinned by a weaker dollar as Fed update on tap

“The Fed will be joined by the Bank of Japan and the Bank of England in offering policy updates this week” writes Rachel Koning Beals for marketwatch.com. Gold was pinned near roughly one-week highs early Tuesday, its action limited, however, as a leading dollar index slipped but stocks looked headed for a tepid recovery.Stock weakness can support gold, but gold’s haven popularity has been subdued for the most part so far in December.A weaker U.S. unit typically boosts demand for commodities priced in dollars as it makes them less expensive…

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News 

People who want to ban dollar stores implicitly admit they’re popular

“As here, the only reason to limit dollar stores is because you agree people would like to shop in them” reports washingtonexaminer.com. In the absence of dollar stores, people will spend their money at groceries.For example, the Institute for Local Self-Reliance wants local governments to start limiting (that is, ban the opening of new) dollar stores. is that grocery stores are put out of business by this competition from their lower-priced competitors, those dollar stores.This is bad, very bad, so therefore the spread of the dollar stores must be curbed…

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Markets News Regulators 

From Jakarta to Buenos Aires, the world feels Fed’s sting

“This effectively tilts the playing field against emerging markets by boosting demand for dollars at the expense of other currencies” writes Midwest Communications Inc for 95kqds.com. The campaign, however, came at the cost of slower growth for the trillion dollar economy.The central bank acknowledges its influence extends beyond U.S. borders, but argues it is bound by a mandate of containing inflation and seeking maximum employment at home.Capital outflows from emerging markets in favor of relatively higher-yielding U.S. assets and the strengthening dollar intensified around April. Source: 95kqds.com Share This:

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News Regulators 

Dollar on edge before Fed meet, all eyes on policy outlook

“Some analysts think dollar strength can return if the Fed remains relatively confident about next year’s monetary tightening path” reports cnbc.com. The yen gained about 0.3 percent on the dollar as investors’ fears of slowing global growth increased demand for safety assets.The dollar index was marginally lower at 97.08 after losing 0.4 percent on Monday. Source: cnbc.com Share This:

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News 

Gold ticks up as dollar stays under pressure ahead of Fed meeting

“Though upside potential for gold prices faces impediment from a vigorous dollar, looming economic uncertainties will present optimistic conditions for safe-haven assets beyond 2018.”” reports cnbc.com. “The U.S. dollar remains the prime mover for gold prices in the current term,” Benjamin Lu, a commodities analyst with Phillip Futures in Singapore, said in a note.Gold prices rose slightly on Tuesday ahead of a key U.S. Federal Reserve meeting, as speculation that signs of economic turbulence may prompt the central bank to put brakes soon on its monetary tightening cycle kept the…

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