Gold Headlines

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

World’s Biggest Gold ETF Halts Record Run as Haven Demand Ebbs (Bloomberg)

Fed nominee Shelton doesn't yet have Senate support

Gold futures settle at highest in 2 weeks (MarketWatch)

Gold futures climbed for a second straight session on Tuesday to settle at their highest in two weeks ahead of the Federal Reserve's statement on monetary policy due Wednesday. "The Fed is in focus and may help break the gold price out of this consolidation-phase price range" it's been stuck in for the last several weeks, Peter Spina, president and chief executive officer at GoldSeek.com, told MarketWatch. December gold GCZ20, -0.04% edged up by $2.50, or 0.1%, to…

Dow jumps as Wall Street builds on Monday’s comeback

Gold gains as dollar softens ahead of Fed meeting