GOLD FIRM BEFORE INFLATION, FED JAWBONING

Inflation Analysts surveyed by Bloomberg say core inflation probably rose 0.2 percent in July. Should they be proven correct when the figures are published at 8:30 a.m. this morning, it would end a four-month string of below-forecast readings. Yesterday, Federal Reserve Bank of New York President William Dudley cautioned that “it’s going to take some time” for headline inflation to return to the central bank’s 2 percent target. The lack of pickup in inflation, despite low unemployment, remains ...
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Today’s Brexit Barometer

By the Bloomberg Brexit Team Last updated: July 28, 2017 The Bloomberg Brexit Barometer rose sharply to 26.7, its highest level in four months, returning it to “cloudy” territory for the first time since late April. New European Commission survey data showed manufacturing confidence at a nearly 20-year high and a healthier mood also in the services sector. This offset mixed consumer confidence signals, with one measure rising from June while another, released by market-research firm GfK,...
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Silver isn’t getting the attention it deserves (SLV)

Business Insider Precious metals got off to a blistering start in 2016. Gold rallied 44% to more than $1,366 per ounce as the commodity bull market kicked into high gear following the uncertainty surrounding the United Kingdom's vote to exit the European Union. And its less popular cousin, silver, soared nearly 50% over the same time frame, reaching a two-year high of $20.62 per ounce. However, things haven't gone the way that the commodity bulls have hoped. Brexit ended up not being the end...
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Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017

By: Jeanna Smialek Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening. The Federal Open Market Committee cited “realized and expected labor market conditions and inflation” in increasing its benchmark rate a quarter percentage point, according to a statement Wednesday following a two-day meeting in Washingto...
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