Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.
FOMC
Fed Meeting press conference quotes
Fed Meeting press conference: Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.
Fed Meeting Results: FOMC рдиреЗ рджрд░реЗрдВ рд╕реНрдерд┐рд░ рд░рдЦреАрдВ, рдкреЙрд╡реЗрд▓ рдиреЗ рдХрд╣рд╛ рдХрд┐ рд╕рд┐рддрдВрдмрд░ рдореЗрдВ рдХрдЯреМрддреА рд╕рдВрднрд╡ рд╣реИ
ЁЯЯв Fed Meeting Results: рдпреВрдПрд╕ рдлреЗрдбрд░рд▓ рд░рд┐рдЬрд░реНрд╡ рдиреЗ 31 рдЬреБрд▓рд╛рдИ рдХреЛ рджреЛ рджрд┐рд╡рд╕реАрдп рдлреЗрдбрд░рд▓ рдУрдкрди рдорд╛рд░реНрдХреЗрдЯ рдХрдореЗрдЯреА (FOMC) рдХреА рдмреИрдардХ рдХреЗ рдмрд╛рдж рдмреНрдпрд╛рдЬ рджрд░ рдХреЗ рдЕрдкрдиреЗ рдлреИрд╕рд▓реЗ рдХреА рдШреЛрд╖рдгрд╛ рдХреА, рдЬрд┐рд╕рд╕реЗ рдмреЗрдВрдЪрдорд╛рд░реНрдХ рдмреНрдпрд╛рдЬ рджрд░реЗрдВ рд▓рдЧрд╛рддрд╛рд░ рдЖрдард╡реАрдВ рдмреИрдардХ рдХреЗ рд▓рд┐рдП 5.25 рдкреНрд░рддрд┐рд╢рдд – 5.50 рдкреНрд░рддрд┐рд╢рдд рдкрд░ рдЕрдкрд░рд┐рд╡рд░реНрддрд┐рдд рд░рд╣реАрдВ, рдЬреЛ рд╡реЙрд▓ рд╕реНрдЯреНрд░реАрдЯ рдХреЗ рдЕрдиреБрдорд╛рдиреЛрдВ рдХреЗ рдЕрдиреБрд░реВрдк рд╣реИред
Fed Expected to Keep Interest Rates Steady and Hint at Rate Cuts in September 2024
Federal Reserve officials this week may move closer to lowering interest rates from two-decade highs by signaling a possible rate cut in September, though they may stop short of giving details beyond that.
USD/INR рдЕрдзрд┐рдХ рдмрдврд╝рддрд╛ рд╣реИ, FOMC рдорд┐рдирдЯреЛрдВ рдкрд░ рдзреНрдпрд╛рди рдХреЗрдВрджреНрд░рд┐рдд рдХрд░реЗрдВ
рдирдП рд╕рд┐рд░реЗ рд╕реЗ рдЕрдореЗрд░рд┐рдХреА рдбреЙрд▓рд░ (USD) рдХреА рдорд╛рдВрдЧ рдХреЗ рдмреАрдЪ рдмреБрдзрд╡рд╛рд░ рдХреЛ рднрд╛рд░рддреАрдп рд░реБрдкрдпрд╛ (INR) рдореЗрдВ рдЧрд┐рд░рд╛рд╡рдЯ рдЖрдИред┬ардШрд░реЗрд▓реВ рдФрд░ рд╡рд┐рджреЗрд╢реА рдирд┐рд╡реЗрд╢рдХреЛрдВ рджреНрд╡рд╛рд░рд╛ рднрд╛рд░рддреАрдп рдЕрд░реНрдерд╡реНрдпрд╡рд╕реНрдерд╛ рдореЗрдВ рдЖрд╢рд╛рд╡рд╛рджреА рджреГрд╖реНрдЯрд┐рдХреЛрдг рдиреЗ рднрд╛рд░рддреАрдп рдЗрдХреНрд╡рд┐рдЯреА┬ардХреЗ рдмрд╛рдЬрд╛рд░ рдкреВрдВрдЬреАрдХрд░рдг рдХреЛ рдмрдврд╝рд╛рд╡рд╛ рджрд┐рдпрд╛ рд╣реИ рдФрд░┬ард╣рд╛рдВрдЧрдХрд╛рдВрдЧ рдХреЗ рдмрд╛рдж рджреБрдирд┐рдпрд╛ рдореЗрдВ рдкрд╛рдВрдЪрд╡рд╛рдВ рд╕рдмрд╕реЗ рдмрдбрд╝рд╛ рдмрд╛рдЬрд╛рд░ рдмрди рдЧрдпрд╛ рд╣реИред
FOMC June Minutes Outlook: FOMC will release the minutes of the June policy meeting on Wednesday, July 6.
FOMC Outlook: The┬аUS Dollar┬аIndex (DXY), which tracks the greenbackтАЩs performance against a basket of six major currencies, surged above 106.00 and reached its highest level in nearly two decades on Tuesday. The widening policy divergence between the US Federal Reserve and other major central banks, especially the European Central Bank, continues to boost the dollar. Additionally, the currency capitalizes on safe-haven flows with investors growing increasingly worried about a global recession.
FOMC Meeting Schedule 2019 – Gold Silver Reports
FOMC (Federal Open Market Committee) Meeting Schedule / Calender 2019
Fed Meeting Calender 2019
Fed Keeps Interest Rates Unchanged; Signals No More Increases Likely This Year
The Federal Reserve expressed increasing concern about slowing economic growth as it left interest rates unchanged on Wednesday and showed little appetite for raising them in the near future.
After Hike, Fed Minutes May Hint on Path Ahead
MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?
Gold Traders Await FOMC Meeting
Gold Silver Reports (GSR) –┬аTechnically, no change in the pattern. Support key around $1,220; resistance at $1,237. August sometimes can surprise. Markets are very thin and many big producers in Europe are closed or at limited capacity. Will not take much for volatility to increase.┬а ┬а ┬а