The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
Gold holds moderately weaker in Asia on mixed regional data
On Monday, gold held moderately weaker in Asia on mixed regional data and political risk events in focus this week.
In New York, April delivery gold futures declined 0.04%, trading at $1,250.65 a troy ounce. Copper futures dipped 0.30%, trading at $2.648 a pound because labor disruptions at mines in Peru, Chile and Indonesia get resolved.
In Australia, March’s AIG manufacturing index dropped to 57.5 from 59.3, Japan's Tankan large manufacturers poll revealed a leap to plus-12 from plus-10.
The previous week, gold retraced losses after a Federal Reserve official stressed that the major US financial institution was in no rush to tighten its monetary policy in 2017.
Gold soared after New York Fed President William Dudley told on Friday that it really made sense to increase interest rates at a gradual pace in 2017. Hopes for a slower pace of rate hikes tend to spur gold, traditionally denominated in dollars.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.