The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, just barely two days after Donald Trump was elected as the 47th president of the United States. Market participants widely anticipate that the US central bank will lower the policy rate by 25 basis points (bps) to the range of 4.5%-4.75%.
Fed Policy Meeting
Gold Holds Drop After Fed Minutes Signal Slower Rate-Hike Pace
Gold held a drop as investors weighed minutes from the Federal Reserve’s July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.
Gold Slides To 9-Month Low As Investors Turn To Dollar As Haven
Gold extended a decline as the dollar strengthened ahead of US inflation data later this week that could influence the size of the Federal Reserve’s rate hike.
Gold Down as Equities Up Ahead of Fed Policy Meeting
The dollar was steady at 96.593, against a basket of major currencies, after falling 0.2 percent in the previous session.
Asia Stocks Start Week Mixed as Traders Eye Fed
Asian equities traded mixed and currency markets were subdued at the start of a week that’s likely to be dominated by the Federal Reserve’s policy meeting.