Silver Market Morning: July 6 2017 - Gold and silver still stabilizing, where next is critical!

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The Fed Minutes gave a less certain picture than was interpreted by the media from the statement by Janet Yellen. The Fed is worried that inflation is falling, not rising and it is now clear that if we do see a rate hike, we are unlikely to see a start to the tapering of the Fed’s Balance Sheet. But we do expect a Balance Sheet reduction from September at a very slow pace, so the prospect of a rate hike this year is falling away if the data pattern continues as it is now.

Gold Today

Thursday, July 6th

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First published here: Silver Market Morning: July 6 2017 - Gold and silver still stabilizing, where next is critical!

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