Gold selloff affects Endeavour and Goldman Sachs following the Fed's hawkish turn and rate hike prospects.
6 reports, 6 independent
Updated Jun 19
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What happened
Gold selloff affects Endeavour and Goldman Sachs following the Fed's hawkish turn and rate hike prospects.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Fed's hawkish stance and rate hike prospects trigger a broader gold selloff.1 source
Fed changes rate cut view, impacting gold forecasts.1 source
- Federal Reserve actions are influencing national rates tracked by the FDIC, while Marcus offers CD rates through Goldman Sachs.Sub-event
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The entities involved
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Goldman Sachs
American investment bank
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FED
business
Related events
- A hawkish shift by the FED is impacting gold prices.
- Goldman Sachs analysts are forecasting gold price movements, noting that the hawkish Fed stance and rate cut expectations are influencing the metal's value.
- FED policy affects gold market outlook, with Strand expressing skepticism about hawkish rhetoric.
- Goldman Sachs forecasts gold prices could climb to $4,000/ounce, noting top-ranked gold mining stocks including Kinross Gold and Franco-Nevada.
- Economic market trends show gold appeal waning due to FED expectations, easing geopolitical risk premiums, and impacts on gold price stability.