Both spot gold and futures remain neutral to slightly higher on the day. As of 3:53 PM EST February futures are currently up $0.10 and fixed at $1465.20. Spot gold is also showing fractional gains on the day currently up $0.68 at $1460.71. The precious metals are also getting a small tailwind from a slightly lower dollar index. Currently the U.S. dollar index is off by -0.056%, and fixed at 97.605. Traders are waiting for the Federal Reserve’s FOMC meeting which begins tomorrow and is set to conclude on Wednesday. Based on recent statements by Chairman Powell it is highly unlikely that the Federal... Read more
Both spot gold and futures remain neutral to slightly higher on the day. As of 3:53 PM EST February futures are currently up $0.10 and fixed at $1465.20. Spot gold is also showing fractional gains on the day currently up $0.68 at $1460.71. The precious metals are also getting a small tailwind from a slightly lower dollar index. Currently the U.S. dollar index is off by -0.056%, and fixed at 97.605. Traders are waiting for the Federal Reserve’s FOMC meeting which begins tomorrow and is set to conclude on Wednesday. Based on recent statements by Chairman Powell it is highly unlikely that the Federal... Read more
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