Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
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Rare Coin and Precious Metals.
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ability to provide our customers
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Gold holds ground as investors eye Fed meeting
Gold last traded at $1,773 an ounce. Silver at $23.51 an ounce.
NEWS SUMMARY: Precious metal prices fell Wednesday on unexpectedly upbeat manufacturing data. U.S. stocks traded mixed as investors awaited a decision from the Federal Reserve on its move to start withdrawing support.
arketwatch--"Gold futures ticked marginally higher early Monday, finding their footing as the U.S. dollar held steady and investors looked ahead to this week's Federal Reserve meeting....
Gold was pressured last week as the dollar rallied. A stronger dollar can be a negative for gold and other commodities priced in the unit, making them more expensive to users of other currencies.
The Federal Reserve, in a two-day meeting set to conclude Wednesday, is expected to announce plans to begin tapering its monthly bond buys.
"Inflation continues to worry central bank officials, with lingering supply chain issues and high energy prices making a protracted rise in consumer prices more likely than previously thought," said Ricardo Evangelista, senior analyst at ActivTrades, in a note."
