what to expect from FOMC

9 oct.

As the FOMC (Federal Open Market Committee) releases its minutes today, the impact on gold prices is expected to be significant. Currently, gold is trading in a tight range, as markets are awaiting clarity on the Fed's future monetary policy stance. If the FOMC minutes hint at continued hawkishness, signaling higher or persistent interest rates, gold may face downward pressure due to the stronger U.S. dollar and rising yields, making non-yielding assets like gold less attractive.

Conversely, if the FOMC minutes suggest a more dovish outlook—indicating a potential slowdown in rate hikes or even rate cuts—gold could see an upward move as lower interest rates tend to benefit safe-haven assets like gold. Additionally, geopolitical tensions and strong demand from central banks are providing medium- to long-term support for gold​(

So, if today's minutes suggest easing monetary policy in the near future, you could expect a rebound in gold prices. However, a more aggressive stance by the Fed could result in further gold price declines. Keep an eye on the broader market reaction to get a clearer direction.