The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
Gold jumps in Asia ahead of Fed policy views
On Wednesday, gold leapt during Asia trade, with the Fed policy review believed to follow a well-telegraphed script on interest rates and cutting the balance sheet, although some traders are searching for language suggesting a shift to a more dovish outlook.
December delivery gold futures rallied 0.44% being worth $1,316.41 a troy ounce.
Overnight, the leading precious commodity was intact because Donald Trump’s claimed that America would dare to totally destroy North Korea in an attempt to defend itself as well as its allies and those words did little to underpin safe-haven demand as market participants focused on the two-day Fed gathering concluding on Wednesday.
Trump’s recent threat to North Korea didn’t manage to garner much attention because investor focus was still on the two-day Fed gathering, which is expected to conclude on Wednesday with a highly anticipated statement on monetary policy.
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.