COMEX Gold Typically Lower Ahead Of FOMC Meet

Published on Sep 16, 2020 11:55

COMEX Gold futures eased as traders eyed the outcome of US FOMC meet on Wednesday. COMEX Gold trades at $1962 per ounce, down 0.07% on the day. The US dollar soared following upbeat US economic data. The US Federal Reserve said industrial production climbed by 0.4% in August after rising by an upwardly revised 3.5% in July. The New York Fed said its general business conditions index jumped to 17.0 in September from 3.7 in August. Dollar index jumped above 93 mark and can gain further ahead of FOMC meet tonight, capping upside in Gold.