Gold jumps by more than 1% today, boosted by weakening dollar

Chair of the Federal Reserve Jerome Powell

(Updates prices) * Stocks suffer as Fed heightens recession fears * Silver rises to highest since November 2 * Dollar slides to one-month low * GRAPHIC-2018 asset returns: By Arijit Bose BENGALURU, Dec 20 (Reuters) - Gold jumped more than 1 percent on Thursday, boosted by a crumbling dollar and as sliding stocks prompted an influx of safe-haven bids after the U.S. Federal Reserve's monetary policy stance augmented concerns about slowing global economic growth.

Fellas, the dollar index got weaker after the Federal Reserve signaled fewer interest rate hikes over the next two years and expressed caution about the U.S. economic outlook.

Spot gold was up 0.2 per cent at $1,246.62 per ounce, as of 0430 GMT.

Barcelona Deny Agreeing Contract With Tottenham Target Adrien Rabiot
"She said that we received an offer this summer but we received it on August 29 at eight o'clock in the afternoon, just before the market closed".

USA gold futures were 0.2 per cent higher at $1,251.4 per ounce. "They did say they would increase interest rates, but would be more patient in doing so", said Brian Lan, managing director at dealer GoldSilver Central in Singapore. Be careful fellas, we also have a series of fundamentals which can impact gold prices, especially the GDP data from the United States.

The dollar was steady in Asian trade, managing to recover from the previous session's low as markets came to terms with the Fed's outlook. Lower interest rates also tend to weigh on U.S. yields and the dollar, in which gold is priced. Also bolstering appeal for gold was a slide in the greenback, which hit a one-month trough earlier in the session after the Fed projected two more rate hikes.

"In his latest report, Gold said that his base case is for gold prices to trade in a range between $1,275 and $1,325 in the next 12 months; however, he added that there is a growing probability that the firm's bull-case scenario comes to fruition, which would see gold prices trade between $1,375 and $1,425, according to Kitco".

China arrests third Canadian
Trudeau said it appears to be a routine case, not involving the sort of national security charges listed against the other two. An official at the Chinese Embassy in Ottawa said the embassy had no information to release on the issue.

The Fed's plans to continue raising interest rates next year were met with more scepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction. Although the dot plot was revised lower to two rate hikes for 2019 from three previously, the Fed's less dovish stance sent jitters through USA stock markets.

As investors flocked to the safety of government bonds, USA benchmark Treasury yields fell to more than eight-month lows on Wednesday.

Amongst other precious metals, palladium rose 0.2 per cent to $1,262.00 per ounce.

Google is the latest tech giant to expand in New York City
The move could allow the company to more than double the current 7,000 people it employs in the city over the next decade. It also makes sense for Google as NY has been the centre for their core advertising business, Cordwell added.

Platinum was down 0.4 per cent at $782.10 per ounce.

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