Stuck In Neutral: SchiffGold Friday Gold Wrap 05.03.19

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Includes: AAAU, BAR, GLD, GLDM, IAU, OUNZ, PHYS, QGLDX, SGOL
by: SchiffGold
Summary

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing.

Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates.

So, why in the world did markets react like the Fed just jacked up interest rates?

By SchiffGold

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We're stuck in neutral.

As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. So, why in the world did markets react like the Fed just jacked up interest rates? On this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also gives an overview of the most recent World Gold Council demand report.

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week's precious metals news coupled with thoughtful analysis.

Tune in to the Friday Gold Wrap each week for a recap of the week's economic and political news as it relates to gold and silver, along with some insightful commentary.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.