Commodity Evening Trading Guide | Globe Capital Market LTD.
18-Mar-2024
Commodity Evening Trading Guide

BULLION – Gold listless as central bank meetings loom, dollar holds firm

Report Overview

 

 

 

Gold struggled for momentum in early Asian hours on Monday as the dollar held firm and investors braced for a series of major central bank policy meetings including the U.S. Federal Reserve this week.

The Federal Open Market Committee is scheduled to begin its two-day meeting on interest rates on Tuesday. It will announce its rate decision on Wednesday, followed by a statement.

The Fed is considered certain to keep rates at 5.25%-5.5%, but there is a possibility it might signal a higher-for-longer outlook on policy given the stickiness of inflation at both a consumer and producer level.

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