Gold traded marginally lower on Monday for a third straight session as higher Treasury yields and a stronger dollar continued to weigh on precious metals...
Gold traded marginally lower on Monday for a third straight session as higher Treasury yields and a stronger dollar continued to weigh on precious metals prices.
But traders will need to... Gold traded marginally lower on Monday for a third straight session as higher Treasury yields and a stronger dollar continued to weigh on precious metals prices. But traders will need to wait until Wednesday for the highlight of this week’s event calendar, which is the November meeting of the Federal Reserve’s policy-setting committee, market analysts said.
“Trading action in gold and silver may be more subdued until mid-week, as traders are looking ahead to the Federal Reserve’s Open Market Committee meeting that begins Tuesday morning and ends Wednesday afternoon with a statement and a press conference from Fed Chairman Jerome Powell,” said Jim Wyckoff, senior analyst at Kitco.
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