Conquer Vs Gold, economics facts. JR

Could be the celebration of been conquer by Spain, Portugal and even Italy in the 1400's century that react the value of gold on the exchange market. Could be the highest also demand of gold for interior designers finishing decor pieces, as well,that made the cost or price go up or stabilize. Lets see how its behavior continues after oil prices are in normal market value. Although the federal Reserve does not work nor worries about gold its concern on price is opening their eyes more than the oil reserves that exist to maintain a lead on oil crisis. Mean time Europeans concerned of labor impact by trade agreement is causing a yoyo effect on the economy and its expansion development program. Shall they moved on or wait for multinationals corporations make their move not agree by the trade agreement. Whom made the agreement if whom was behind didn't agree on ? Well Germany will prevail on its road while Catalonia and Greece on the internal dilemma if whom is whom to moved ahead with. Politicians have their salary to created the social conflicts, that struggle economy and peaceful life. Cameron's influence with german Merkel, will get Britain a special timing momentum to be still in the European Union market and exchange. His purpose is ?

Lets see some economic facts (Harvard business economy, seeking alpha, other economy sources)

JR

In USA
U.S. Federal Reserve policymakers are still likely to raise interest rates this year but that is "an expectation, not a commitment", Fed Vice Chairman Stanley Fischer said at an IMF meeting in Peru. "Considerable uncertainties" still surround the U.S. economic outlook, including the drag on exports from slowing global growth, low investment caused by the decline in oil prices and the recent "disappointing" drop in U.S. jobs.

Gold climbed to a seven-week high today bolstered by a weaker dollar and continuing expectations the Fed won't hike interest rates in 2015. "Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer's weekend comments," said Ric Spooner, chief analyst at CMC Markets. The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since August 24, following a 1.6% advance in the previous session.

In Europe
A demonstration in Berlin on Saturday involved hundreds of thousands of protesters against the Transatlantic Trade and Investment Partnership being negotiated between the U.S and EU. The broad trade accord is seen as picking up momentum following last week's Trans-Pacific Partnership deal, along with some gentle nudging from large multinationals. Groups in Europe are taking issue with TTIP's lack of transparency and the potential impact on labor and safety.

"We are satisfied with QE, as it has met and even surpassed our initial expectations," ECB president Mario Draghi said in an interview on Saturday. While "it presently appears that it will take somewhat longer than previously anticipated for inflation to come back to...levels that we consider sufficiently close to 2%," that is largely because of lower oil prices, he added. The news comes ahead of the ECB's next monetary-policy meeting in Malta (Oct. 22), where the central bank will decide whether to boost its €1.1T ($1.2T) bond-buying plan.

Britain's David Cameron urged Germany's Angela Merkel on Friday to help keep his country in the EU, amid concerns that many hedge fund chiefs will throw their financial muscle behind the "Brexit" campaign. Cameron is reportedly seeking a deal on four points, including explicit pledges on the status of the pound and London's financial district. A referendum on membership will likely take place by the end of 2017.

Standard & Poor's has cut its ratings on Catalonia by one notch to BB-, saying it expects increasing political tension following last month's regional elections. "Risk that Catalonia’s smooth coordination with the central government to service the region's debt might be compromised," the ratings agency declared. The downgrade comes after secessionist candidates won a majority of seats, and just under 48% of the popular vote, during a September parliamentary election cast as a referendum on independence.

Greece's new government faces a major test this week when a barrage of economic reforms and austerity measures demanded by international creditors need to be voted on to become law. Legislation detailing dozens of actions - from liberalizing the Greek energy market to imposing stricter criteria for the protection of indebted homeowners - will need to be approved to unlock a fresh €2B loan installment from the country's third bailout.