2023-09-20 12:52:24
Gold futures prices adjust narrowly While investors are keeping an eye on the results of the Federal Reserve’s (Fed) monetary policy meeting tonight.
At 7:42 p.m. Thai time, gold contracts on the COMEX (Commodity Exchange) market will be delivered in December. minus $1.0 or 0.05% to $1,952.70/ounce.
Investors put almost 100% of their weight in the forecast. The Fed will hold interest rates steady at its meeting tonight.
CME Group’s latest FedWatch Tool indicates that investors are 99.0% positive that the Fed will maintain interest rates at 5.25-5.50% at tonight’s meeting. and weighting only 1.0% that the Fed will raise interest rates by 0.25% to the level of 5.50-5.75%
In addition, in this round of the monetary policy meeting The Fed will release its policy interest rate forecast (dot plot) as well as its forecasts for inflation, unemployment and US economic growth.
Meanwhile, Fed Chairman Jerome Powell will hold a news conference after the meeting to explain the Fed’s interest rate direction.
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