Fed Expected to Leave Policy Unchanged – Gold Silver Reports

Fed Expected to Leave Policy Unchanged – Traders are expecting a lot of fresh news from the Fed when it releases its monetary policy statement at 18:00 GMT.

Policymakers are expected to leave interest rates and quantitative easing unchanged. Furthermore, policymakers are seen keeping their promise to do whatever it takes to support the world’s largest economy.

Gold investors will be watching to see if the Fed gives any clues on its future policy path after it responded to the economic devastation of the COVID-19 pandemic by slashing rates, buying bonds and backstopping credit markets.

After the release of its policy statement, Federal Reserve Chairman Jerome Powell will hold a press conference at 18:30 GMT. Because of the two events, traders should prepare for a two-sided move.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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