FOMC Holds Rates but Policy Divisions Deepen; Dollar Slips Below 101, Gold Recovers Slightly Ahead of GDP and PCE Data
The FOMC held the 3.50%-3.75% range with three dissenters favoring a hike; DXY stayed below 101 and gold edged higher before tonight's GDP and PCE releases.
Dollar Pulls Back to 101.30 Ahead of FOMC; Euro and Pound Rebound as Gold Awaits Fed Policy Signals
DXY eased to 101.30 and EUR and GBP advanced, but AUD underperformed and gold stayed below its previous close; the FOMC decision is the first major risk.
Dollar Holds Near 101.5, Gold Pulls Back Toward 4,050; Markets Await Policy Signals Ahead of the FOMC Decision
Gold fell back toward 4,050 while DXY stayed near 101.5 and EUR and GBP posted only modest gains; U.S. advance indicators tonight and the FOMC decision are the main risks.
CWG Market Update: Dollar Retreat Supports Gold Rebound Above 4,100; Euro and Pound Strengthen as Markets Await Fresh Guidance Ahead of the FOMC Meeting
Gold rebounded above 4,100 as DXY softened and EUR and GBP strengthened in early Asia; U.S. durable-goods data tonight and the approaching FOMC meeting are the main risks.
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