22 Jul 2018 | 4:43 AM
Research Report

Commodity Research Report: Newsletter may 2016

The U.S Fed maintained status quo on its key rates for the third time this year, holding them at 0.25-0.50 per cent. However, the FOMC left the door ajar to a hike in June, and indicated they are in no hurry to take the step.  U.S economic growth slowed to an annual rate of 0.5%, from the 1.4% expansion registered in the fourth quarter of 2015. That was the slowest pace of growth since the first quarter of 2014.  Gold prices crossed $1,300 per ounce benchmark, gained 5 percent last month on speculation that the U.S Fed will be slow to tighten policy further, bolstering the metal’s appeal as the dollar sagged. Gold was further boosted by the Bank of Japan’s decision to leave its monetary policy unchanged.
03 May 2016 | 08:50 PM