Gold prices remain range-bound as investors await the Federal Reserve’s policy decision and remarks from Fed Chair Jerome Powell. Spot gold and US gold futures edge slightly higher. Traders are focused on the economic and interest rate projections from the US central bank. The dollar holds steady, affecting gold prices. Updates on SPDR Gold Trust holdings and Swiss gold exports. Details on silver, platinum, and palladium. Read more for full article.
Equities in Asia are mixed with gains for tech stocks offsetting slumping commodity shares. Wall Street futures are pointing slightly lower after gains across the big three indexes led by a rally for the tech-heavy Nasdaq. Treasury yields and the dollar hover above multi-week lows awaiting comments from Federal Reserve Chair Jerome Powell. Crude oil sinks to a three-month low due to a build in US stockpiles while concerns for the Chinese economy weigh on demand.
