Gold Prices Steady Ahead of Federal Reserve Meeting

Key Takeaways • Gold enters the FOMC meeting after recovering from last week’s sharp selloff but remains below the recent highs established earlier in June. • Markets have largely absorbed the BOJ and RBA decisions, shifting attention almost entirely toward Wednesday’s Federal Reserve decision, updated projections and Chair Powell’s press conference. • Treasury yields and dollar positioning remain the primary transmission channels linking Fed policy expectations to gold prices. • The recent easing in energy-related inflation concerns has reduced some of the pressure that emerged after payrolls

Source: Reddit r/Forex — https://www.reddit.com/r/Forex/comments/1u76g9m/gold_awaits_fed_as_us_dollar_and_yield/

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