Gold price near steady amid summer doldrums kitconews gold silver finance metals economics investing mining
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Global stock markets were mixed overnight. U.S. stock indexes are pointed toward higher openings when the New York day session beings. Corporate earnings reports are on the front burner of the stock markets early this week. Otherwise, its summertime doldrums trading amid a lack of major, fresh news early this week.
Traders and investors are looking ahead to Thursday when the European Central Bank holds its regular monetary policy meeting. The ECB is expected to raise interest rates for the first time in 11 years, with many market watchers looking for a 0.5% rate increase. The U.S. Federal Reserve is expected to raise its key interest rate by at least 0.75% at next week’s FOMC meeting.
U.S. economic data due for release Tuesday and includes new residential construction and the weekly Johnson-Redbook and chain store retail sales reports.
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