Gold little changed ahead of Fed meeting; economic data in focus
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 $1,282 an ounce at 10:00 GMT.
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...