Gold Headlines

Fed expected to lift economic forecasts, extend vow to keep rates low

BREAKING: Fed holds rate steady and promises to stay there for years

Fading fiscal stimulus crimping U.S. consumer spending

Please check back for the FOMC announcement.

Dow jumps ahead of Fed announcement

Gold rises as investors bet on dovish U.S. Fed stance (Reuters)

"What we're probably seeing building in gold is expectation that the Fed is going to be more dovish than in the past, and the realization that we're seeing slightly more inflationary pressure than anticipated," said OANDA analyst Craig Erlam. While the Fed does not need to announce stimulus measures now, it will need to lay the groundwork for potential stimulus later, he added. https://www.reuters.com/article/idUSL4N2GD22V  

Fed expected to raise economic forecasts, extend vow to keep rates low

The two-day meeting is the U.S. central bank’s first under a newly adopted framework that promises to shoot for inflation above 2% to make up for periods, such as now, where it is running below that target. The strategy means the Fed will not take its foot off the monetary gas pedal even if unemployment continues to drop at a faster-than-expected pace. Fed officials don’t appear ready to translate that framework into an explicit promise to keep the central bank’s key overnight lending rate…

Dollar falls as markets increase bets on more Fed easing

Five things to watch at the Federal Reserve meeting (FT)

Chinese Communist Party Wants Bigger Role in Private Sector

China lifts yuan midpoint the most in 5 months to strongest since May 2019