US Fed Mining News

Dollar knocks gold price below $1,200

A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.

Gold down to 4-month low ahead of Fed Reserve meeting

The precious metal has lost over 8% so far this year.

Gold drops 2% as Fed reduces monthly bond purchases to $55 billion

Fed says 'labor market indicators were mixed but on balance showed further improvement.'

Gold price collapses pass the $1,200 mark

It plunged as much as 3% to $1,198 an ounce, the lowest price in almost six months.

Investors defy laws of physics, trade seven milliseconds ahead of Fed announcement

Could represent as much as $600 million worth of traded assets.

Fed unleashes gold

The Federal Reserve shocked the financial world last week, defying universal expectations.