Gold climbs off three-week low, dollar inches down ahead of Fed

2020-09-16 09:04:05 GMT (Economies.com)
Gold climbs off three-week low, dollar inches down ahead of Fed

Gold futures tilted higher in Asian trade off August 26 lows while the dollar index lost ground, ahead of the Federal Reserve's policy decisions today.

 

As of 05:04 GMT, gold futures due in December rose 0.31% to $1,967 an ounce, while the dollar index fell 0.09% to 93.04. 

 

From the US, retail sales are expected up 1.1% in August, slowing from 7.5% in July, while core sales are expected up 1%. 

 

US wholesale inventories are expected up 0.2%, improving from a 1.1% tumble in June. 

 

Finally, the Federal Reserve will hold its policy meeting today through satellite, expected to maintain rates at near zero while revealing three-year estimates for inflation, unemployment, and growth. 

 
 
 
  Symbol Last Change Chg.%
1.1851
-0.0027
0.2261%
1.2932
0.0033
0.2527%
Tadawul
8364.61
6.65
0.08%
26.764
-0.247
0.916%
40.896
3.836
10.351%
43.15
-0.26
0.60%
1950.000
-4.225
0.216%
 
 
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