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Gold futures decline ahead of the Fed's interest rate decision

2019-09-18 08:30 am | Resource: News | No Views : 26

 Gold futures decline ahead of the Fed's interest rate decision

Gold futures fell with a marginal rise in the dollar as investors turned their attention to the Federal Reserve's meeting, which will end later today, as interest rates are expected to be cut by a quarter percentage point.

Wall Street falls slightly ahead of Fed investors

Wall Street eased slightly on Wednesday as strong oil prices continued to dominate markets in the wake of Saudi Aramco attacks that have heightened tensions between the United States and Iran. Meanwhile, US President Donald Trump said a trade deal with China could be reached before the 2020 election. Later in the day, the US Federal Reserve was to announce its interest rate decision.

Following the US Federal Reserve meeting, a group of central banks will also hold meetings on Thursday including the Bank of England, the Japanese Central Bank and the Swiss Central Bank.
  • The Dow Jones Industrial Average lost 0.08% at 10:13 am CET.
  • The Nasdaq 100 was flat, dropping 0.04% at 10:14 am CET.
  • The S&P 500 fell 0.07%.

Currency Trading
  • The euro fell 0.17% against the dollar to 1.10544 at 4:15 am CET.
  • The pound fell 0.19% against the US currency to go at 1.24757 at 4:15 CET.
  • The greenback was up 0.07% against the yen, trading at 108.1860 at 4:16 am CET.
 
 Precious Metals Trading
  • Yellow metal futures fell 0.3% or $ 3.9 to $ 1509.5 an ounce at 09:52 AM CET.
  • Spot delivery settled at $ 1501.8 an ounce at 09:53 AM CET.
  • Meanwhile, silver futures fell 0.8% to $ 17.99 an ounce,
  • The palladium spot price rose marginally 0.1% at $ 1600.2 at 09:54 AM CET.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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