World Stock Markets, Gold, Boosted By Dovish FOMC Statement Wed. PM
July 27, 2017 at 07:35 AM EDT
Global stock markets were mostly firmer overnight in the wake of a U.S. Federal Reserve meeting that produced a statement most of the markets deemed as leaning to the dovish side of U.S. monetary policy. Recent corporate earnings reports have also been mostly upbeat. U.S. stock indexes are pointed toward higher and record high openings when the New York day session begins. Gold is posting solid gains Thursday in the wake of the dovish Fed statement that pushed the U.S. dollar index to a 13-month low. Reports overnight said India is moving to make "paper" gold (such as sovereign gold bonds) more attractive to its domestic investors, in order to reduce demand for actual gold bullion. Traders and investors have mostly digested the Federal Reserve's Open Market Committee meeting (FOMC) that ended Wednesday afternoon. To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post World Stock Markets, Gold, Boosted By Dovish FOMC Statement Wed. PM appeared first on Money Morning - We Make Investing Profitable .