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Fed Decision Due This Evening: Gold Edges Higher
Markets are focused on today’s Federal Reserve meeting. Gold prices continue their recovery, rising by 0.5% to $4,091 per ounce.
[Source: Teleborsa]
Gold Still Holding Steady Ahead of Fed Decision
The Federal Reserve is set to hold its policy meeting tomorrow, where officials will decide on the next steps for monetary policy. Spot gold slipped by around 0.7%, trading at approximately $4,045 per ounce.
[Source: Trading view]
Middle East Conflict Eases: Gold Regains Ground
Spot gold rose 0.9% in today’s trading, reaching $4,087.59 per ounce. The precious metal is benefiting from developments in the oil market, with Brent crude falling from over $100 per barrel last week to $90. As a result, interest rate expectations have also eased. However, investors will have to wait until the Federal Reserve’s meeting on Wednesday to gain further clarity on the future direction of U.S. monetary policy.
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