Gold prices steady ahead of Fed meeting, poised for potential gains.
TL;DR
Gold and silver prices are slightly higher ahead of a busy U.S. data week next week, including inflation reports and the FOMC meeting. The marketplace is looking ahead to next week’s FOMC meeting of the Federal Reserve, which begins Tuesday and ends Wednesday afternoon with a statement and press conference from Fed Chairman Powell. A majority of the marketplace thinks the Fed will pause in its interest-rate-tightening cycle. The silver bulls have gained the overall near-term technical advantage.
- Slight price rises in gold, silver as FOMC meeting looms Kitco NEWS
- Gold heads for best week in five on Fed rate pause bets Reuters
- Gold Price Forecast – Gold Markets Continue to Consolidate FX Empire
- Sentiment in gold remains bullish, but prices to stay below $2000 as the Fed looks to leave interest rates unchanged next week Kitco NEWS
- Gold Futures: Room for extra gains near term FXStreet
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