Gold and the dollar await the Fed’s meeting
By Michael Stark
AI summary of the source article
Traders are monitoring upcoming central bank meetings, including the Federal Reserve and ECB, alongside key US GDP and PCE releases. Gold held near $4,000, while the euro hovered around $1.12 amid French bond yield pressures.
Key facts
- The Federal Reserve is widely expected to hold rates steady at 3.75-4% with an estimated 90% probability.
- Gold stabilized around $4,000 following a drop on 22 October, supported by its summer triple bottom level.
- The euro held near $1.12 against the dollar as French bond yields rose above 5% amid fiscal and civil instability.
Source excerpt · FinanceFeeds
Apart from central banks, US PCE and US and EU GDP fill out a packed week of data. The week ahead features a range of important events on the economic calendar, most notably the meetings of the Federal Reserve (Fed) and the European Central Bank (ECB). With no news of major new American attacks on Iran over the weekend, for now the conflict in the Gulf is out of focus as traders concentrate on mon…