GOLD ease in tensions allows momentary calm
Gold is steady in early trade as risk markets rise despite the Middle East crisis. The US earnings season is gaining momentum, and the latest S&P flash composite index suggests expanding business activity, fueling optimism for a soft landing of the US economy.
US Treasury yields are steady or slightly higher today as traders await the upcoming FOMC meeting and policy decision. The Federal Reserve is anticipated to maintain interest rates at their current level, but market participants will closely analyze the post-meeting press conference for any indications of a pause in rate hikes. Tomorrow, the initial estimate of US Q3 GDP will be released, which will factor into the Fed's monetary policy considerations. Currently, the market expects a 4.3% quarter-on-quarter growth in Q3, significantly stronger than the 2.1% expansion in the previous quarter.
The Federal Reserve is not the only central bank on the slate with the ECB, BoC, BoE, and BoJ all announcing their latest policy decisions over the next eight days.
US Treasury yields are steady or slightly higher today as traders await the upcoming FOMC meeting and policy decision. The Federal Reserve is anticipated to maintain interest rates at their current level, but market participants will closely analyze the post-meeting press conference for any indications of a pause in rate hikes. Tomorrow, the initial estimate of US Q3 GDP will be released, which will factor into the Fed's monetary policy considerations. Currently, the market expects a 4.3% quarter-on-quarter growth in Q3, significantly stronger than the 2.1% expansion in the previous quarter.
The Federal Reserve is not the only central bank on the slate with the ECB, BoC, BoE, and BoJ all announcing their latest policy decisions over the next eight days.
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