The Federal Open Market Committee had just concluded its March meeting when this article was published, and investors were awaiting Janet Yellen’s press conference and the Fed’s guidance. The article said the signals could be difficult to interpret, but characterized the overall tone as somewhat dovish: possible rate increases did not appear imminent, and deflation no longer seemed a major concern. However, “patient” was removed from the Fed’s guidance, which the article interpreted as meaning rate hikes could come sooner than expected.
At the time of original publication, the article described the following: At publication, the market was reported to have reacted favorably to the press conference, with the Dow and most commodities—including gold and silver—rising. The article explained that loose monetary policy generally supports stronger stock and gold markets, but also said the Fed had to consider inflation risks from artificially low rates. Eventually, it argued, the Fed would need to raise rates to restrain inflation, a point when stock-market bubbles typically burst. Since many experts had recently voiced concern over stock valuations, the article suggested the market might be near a peak.
At the time of original publication, the article described the following: The 2% and 3% increases in gold and silver prices, respectively, reportedly stirred a market that had been relatively complacent. At publication, Atlanta Gold & Coin said it was seeing renewed interest from people who had waited for gold and silver to move beyond a narrow trading range. The article said it was not possible to know whether the trend would continue, although the metals had recorded their strongest daily performance in some time.
At the time of original publication, the article described the following: At publication, readers were invited to check back regularly for then-recent commentary affecting gold, silver, and coin markets.
