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Gold Bulls Hope For FOMC Fireworks
Gold prices are on watch this week as traders look ahead to the all-important September FOMC meeting on Wednesday. Recent labour market weakness has fuelled a heavy dovish shift in market expectations with traders now looking for three cuts this year, beginning on Wednesday. Last week’s inflation data failed to derail this view, while confirming a fresh uptick in inflation last month. Fed Expectations As such, traders will now be looking for the Fed to endorse this dovishness with a cut on Wednesday and a clear signal that further easing is coming. If Powell delivers on this expectation, USD should move lower ... (full story)
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