Gold holds steady ahead of Fed meeting
ecPulse
2015-01-27 10:53AM UTC
Gold prices steadied on Tuesday ahead of the Federal Reserve`s two-day policy meeting, with several U.S. economic data in focus as traders seek further hints for the metal`s next direction. Investors are looking ahead to the Federal Open Market Committee (FOMC)`s policy meeting concluding Wednesday, for further clarification on if interest rates will be hiked this year; the market consensus believes the FOMC will hold firm and keep its benchmark interest rates near zero. However, the announcement could bring some interesting remarks about the jobs markets and especially consumer-price inflation against the backdrop of a rout in oil markets. Meanwhile, traders are keeping an eye on today`s durable goods orders headline, expected to rise 0.4% in December. The Consumer Confidence Indicator is also expected to rise to 95.5 compared with the previous 92.6. Spot gold held around $1,282 an ounce at 10:00 GMT.
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
2024-04-29 05:56AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price postponed the bullish ...
Commodities
Platinum price presses on the moving average – Forecast today – 29-4-2024
2024-04-29 05:45AM UTC
Platinum Price Analysis Expected Scenario Platinum price started to form bullish waves to ...
Commodities
Copper price continues the positive crawl – Forecast today – 29-4-2024
2024-04-29 05:44AM UTC
Copper Price Analysis: Bullish Trend Continues No change to copper price bullish track as it keeps ...