Gold futures remain steady as investors await the PCE report and FOMC meeting gold silver Wagner
Gold futures traded marginally higher as market participants focus on next week’s FOMC meeting. As of 4:00 PM EST, the most active February contract of gold futures is up $3.80 and fixed at $1932. Silver futures traded under pressure with the most active March contract currently down $0.37 and fixed at $23.565. The dollar had little influence on precious metals pricing today with the dollar index in essence unchanged, up 0.01%, and fixed at 101.795.
Another advocate continuing to raise rates at an accelerated rate was Cleveland Fed President Loretta Mester. Last week she commented,"I just think we need to keep going, and we'll discuss at the meeting how much to do."
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