Gold drops from $1800 an ounce on stronger dollar and some profit-taking as investors awaited U.S. inflation data and a Federal Reserve rate decision in the next few days. Continue reading →

Gold eases on unexpected rise in this morning’s inflation numbers. The yellow metal had ticked up on the softer dollar which weakened early Friday as investors await next week’s Federal Reserve rate decision. Gold still hovering around the $1,800-an-ounce threshold. Continue reading →

Gold steady early Wednesday, trading in a tight range ahead of next week’s Fed meeting as investors await the central bank’s rate decision for further direction. The bullion is also getting support from an anemic dollar. Continue reading →

Gold slips from five-month high after hitting that mark early Monday. The bullion eased as the dollar clawed back some ground, but bulls are keeping gold is near $1800. Continue reading →

Gold ebbs on this morning’s surprising jobs data, but still aims for its best week in three on the prospect of smaller interest rate increases from the Federal Reserve. Continue reading →

Gold rises headed toward the biggest monthly gain in two-years as the dollar ebbs. The currency softened as investors awaited comments later in the day from Federal Reserve Chairman Jerome Powell for further direction and eye the ongoing tensions in China. Continue reading →

Gold steady around $1750 an ounce on a weaker dollar as markets react to growing protests in China against the government’s zero-COVID policy. Continue reading →

Gold trades in a tight range early Wednesday ahead of the U.S. Thanksgiving Day holiday as investors awaited the release of the minutes of the Federal Reserve policy members last meeting early this month for further direction. Continue reading →

Gold slips on strong dollar, extending losses early Monday – after its worst week in five weeks – as another Fed rate increase looms on the horizon. Continue reading →

Gold losing ground on Fed comments after clinging to support from an easing dollar. The yellow metal is looking at a weekly dip following indications from U.S. Federal Reserve officials that more interest rate hikes are on the horizon. Continue reading →

Gold firms on a softer dollar and growing concern over geopolitics from yesterday’s missile strike in Poland to early morning news of a projectile hitting a tanker off the coast of Oman. Continue reading →

Gold clawing back to $1770 as investors buy the overnight dip. The yellow metal had slipped from a three-month high early Monday after a key Federal Reserve official indicated that the central bank wouldn’t soften its approach to combatting inflation. Continue reading →

Gold rose early Friday, poised for its best week in two years after the October consumer price index report on Thursday showed inflation growth was slowing. Continue reading →

Gold eases from a one-month high early Wednesday on profit taking and as the dollar and Treasury yields strengthened, taking a bit of shine off the yellow metal. Continue reading →

Gold slips from a three-week high early Monday on a firmer dollar and as traders took profits from the previous session. Continue reading →

Gold surges on unexpectedly positive jobs report and stalled dollar rally. The weakened currency offset some of the bearishness of the Federal Reserve’s latest interest rate hike and expectations. Continue reading →

Gold rises on jobs report ahead of Fed rate announcement as the dollar weakened early Wednesday. Continue reading →

Gold loses ground Monday ahead of this week’s Fed Reserve monetary policy meeting and rate announcement while the dollar and bond yields gain strength. Continue reading →

Gold slips on stronger dollar early Friday ahead of next week’s Fed meeting. The yellow metal slipped below $1650 an ounce after the release of this morning’s key inflation report. Continue reading →

Gold rises early Wednesday as Treasury yields weaken and the dollar slumps as investors anticipate a slowing of the Fed’s interest rate increases, making gold more attractive as an alternate investment. Continue reading →

Gold drifts lower Monday despite Fed speculation and a slightly stronger dollar. Investors are closely watching the central bank after hints last week that it may begin to slow the pace of interest rate hikes following the November meeting. Continue reading →

Gold drops early Friday on Treasurys yields, heading for a second consecutive weekly decline. The yellow metal clawed back some turf as investors bought the dip and digested the news that the Fed now wants to debate the December rate hike. Continue reading →

Gold drops in Wednesday morning trading on dollar’s appeal as anticipation of continued aggressive monetary policy pressured the yellow metal, even as delegates at the London Bullion Market Association’s annual precious metals conference predicted prices would rise over the next year. Continue reading →

Gold rose early Monday on a soft dollar as the currency slipped against the British pound and the Japanese yen amid expectations that the U.K. may reverse some more of its unfunded tax cuts that Japan’s central bank may intervene to support the yen. Continue reading →

Gold slips early Friday after a stronger-than-expected inflation report for September made it more likely that the Federal Reserve will continue its aggressive monetary policy.  Continue reading →

Gold slips on hotter inflation after dipping early Wednesday as investors await the release of the Fed minutes from the last meeting of the policymakers. Continue reading →

Gold fell early Monday as heightened speculation that interest rate increases by the world’s central bankers to combat runaway inflation drove recession fears. The bullion was further stalled by a stronger dollar that is sparking off of Friday’s healthy U.S. jobs data that points to the Fed sticking to its aggressive rate hike plan. Continue reading →

Gold slips briefly below the $1700 an ounce mark as U.S. jobs numbers show growth in September. The yellow metal still aiming for its biggest weekly gain since March. Continue reading →

Gold rally stalled by rising dollar. The bullion traded near three-week highs early Wednesday but then the dollar regained the high ground. Gold slipped further on this morning’s positive jobs numbers. Continue reading →

Gold inches up in Monday morning trading on softer dollar and Treasury yields as investors awaited the release of the key U.S. manufacturing figures for September for further direction. Continue reading →

Gold tips up on hotter than expected inflation data and a slightly weakened dollar, but the yellow metal looks headed for the biggest quarterly drop since early 2021 suppressed by anticipation of continued aggressive monetary policy to combat 40-year highs in inflation. Continue reading →

Gold climbs on safe-haven boost as global markets continue to be shaky. The yellow metal is climbing off of Wednesday’s dip when the dollar strengthened to new 20-year highs amid expectations of more aggressive rate hikes from the Federal Reserve. Continue reading →

Gold suppressed by strong dollar, trading near two-and-a-half-year lows amid the currency’s strength and aggressive moves by global central banks to tighten monetary policy. Continue reading →

Gold down on two-decade high dollar mark and treasuries soar, with 2-year Treasury yields hitting a 15-year high of 4.266% earlier in the session, supported by fears of an economic slowdown and declines in the broader market following the Federal Reserve’s rate decision Wednesday. Continue reading →

Gold climbs on rising tensions in the Russia/Ukraine conflict while investors await this afternoon’s monetary policy decision from the Federal Reserve. Continue reading →

Gold dips on a stronger dollar, but holds the line above $1650 an ounce as investors awaited Wednesday’s meeting of Federal Reserve policymakers and anticipated another large interest rate increase to curb soaring inflation. Continue reading →

Gold under pressure as the dollar strengthens and U.S. 10-year Treasury yields surge to a 3-month high as investors bracing for another large interest rate hike next week by the Federal Reserve to stem soaring inflation.

An unexpectedly large inflation figure for August has sent financial markets roiling since Tuesday and boosted speculation that Fed policymakers may even consider a 100-basis-point increase in rates at their Sept. 21 meeting. Higher interest rates are typically bearish for gold, though the underlying inflation is traditionally bullish.

Front-month gold futures tumbled 1.9% Thursday to settle at $1,677.30 an ounce on Comex. Gold hit the lowest level since April 2020 in intraday trading. The December contract has declined 3% this week. Bullion dropped 3.1% in August after declining 1.4% in July. The metal retreated 3.5% in 2021. Currently, the December contract is down $9.3 (-0.55%)to $1668.00 and the DG spot price is $1661.50.

Investors are betting there’s a 24% chance of a 100-basis-point rate increase on Sept. 21, though none were projecting a move that large before the consumer price index report came out Tuesday, according to the CME FedWatch Tool. The remaining 76% of investors are predicting a 75-basis-point increase. A month ago, 59% had anticipated only a 50-basis-point increase amid speculation that the Fed’s previous rate hikes would have started to turn the inflationary tide. 

The Fed raised rates by 75 basis points each in June and July and has increased rates by 225 basis points this year to combat surging inflation. 

The U.S. consumer price index rose 0.1% in August from July, according to Labor Department data released Tuesday, after showing no change the prior month. The report crushed hopes that the Fed’s previous rate hikes had halted further increases in inflation, which was already at 40-year highs. The CPI climbed 8.3% from a year earlier, a slight slowdown, but the so-called core CPI, which strips out volatile energy and food costs, showed the first acceleration in six months.   

Equities also extended their decline as the dollar and Treasury yields held their strength in anticipation of an aggressive Fed move that could prove detrimental to economic growth. Strength in the dollar and Treasury yields is typically bearish for gold. 

Front-month silver futures dropped 1.5% Thursday to settle at $19.27 an ounce on Comex, though the December contract is up 2.7% in the first four days of the week after a large rally Monday. Silver tumbled 12% last month after slipping 0.8% in July. It retreated 12% in 2021. Silver prices are tied to industrial demand. The December contract is currently down $0.254 (-1.32%) to $19.015 and the DG spot price is $19.14.

Spot palladium decreased 1% Thursday to $2,168.00 an ounce. It’s down 1.8% so far this week. Palladium retreated 3.3% in August after rising 9.9% in July. It dropped 22% in 2021. The current DG spot price is down $43.10 an ounce to $2128.00

Spot platinum rose 40 cents Thursday to $917.80 an ounce and is up 2.9% this week. Platinum tumbled 6.1% in August after decreasing 0.3% in July. It fell 9.4% last year. The DG spot price is down $17.40 an ounce to $900.30.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.

Goldworking to hold above the $1700 line after dipping below that mark on Tuesday following an unexpectedly large inflation figure for August which sent the broader market tumbling and boosted speculation of a hefty interest rate hike next week by the Federal Reserve. The bullion getting a boost on Wednesday from a weakened dollar. Continue reading →

Gold tips up on weakened dollar as investors await Tuesday’s release of a key inflation report that’s seen as the final bit of critical data due before the Federal Reserve’s monetary policy meeting next week. Continue reading →

Gold rose early Friday as the dollar dips, positioning the yellow metal for a small weekly gain. The DG spot price hovered just under $1730 an ounce, but has since ebbed on profit-taking. Continue reading →

Gold buoyed as investors buy the dip and U.S. bond yields ebb, but the bullion is being kept in check by a stronger dollar and aggressive interest rate hike fears.

The dollar index jumped to a new 20-year high after a positive U.S. economic report made it more likely that the Federal Reserve will announce a large interest-rate hike at its meeting of policymakers later this month. The 30-year U.S. Treasury yield was near the highest level since 2014. 

Front-month gold futures fell 0.6% Tuesday to settle at $1,712.90 an ounce on Comex. U.S. financial markets were closed Monday for the Labor Day holiday, so there was no settlement. The December contract decreased 1.6% last week. Bullion dropped 3.1% in August after declining 1.4% in July. The metal retreated 3.5% in 2021. Currently, the December contract is up $9.9 (+0.58%) to 1722.80 and the DG spot price is $1713.30.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.2% Tuesday to 971.05 metric tons from Friday, Reuters reported. 

Services PMI – an indicator of economic activity in the services sector – grew for a 27th straight month, according to data released Tuesday by the Institute for Supply Management. The Services PMI composite index came in at 56.9% in August, 0.2 percentage point higher than July’s 56.7%. It was the second consecutive monthly increase after three months of declines. 

Investors are now betting there’s a 74% chance of a 75-basis-point increase Sept. 21, with just 26% projecting a 50-basis-point rate hike, according the CME FedWatch Tool. The Fed raised rates by 75 basis points each in June and July and has increased rates by 225 basis points this year to combat surging inflation. 

While gold is a traditional hedge against inflation, the anticipated rate increases in response to it are bearish.

Investors will look to comments Wednesday from Cleveland Fed President Loretta Mester, Fed Vice Chair Lael Brainard and Fed Vice Chair for Bank Supervision Michael Barr for further direction. The Fed’s Beige Book – a report on the economic status in the central bank’s 12 regions – is also due out Wednesday. Fed Chairman Jerome Powell and Chicago Fed President Charles Evens are set to speak Thursday, the same day U.S. initial jobless claims come out. 

Front-month silver futures rose 0.2% Tuesday to settle at $17.91 an ounce on Comex. The December contract dropped 5% last week. Silver tumbled 12% last month after slipping 0.8% in July. It retreated 12% in 2021. Silver prices are tied to industrial demand. The December contract is up $0.322 (+1.80%) an ounce currently to $18.230 and the DG spot price is $18.37.

Spot palladium decreased 3.1% Tuesday to $1,989.00 an ounce. It fell 4.3% last week. Palladium retreated 3.3% in August after rising 9.9% in July. It dropped 22% in 2021. The current DG spot price is up $29.80 an ounce to $2036.00

Spot platinum gained 1.8% Tuesday to $860.20 an ounce. It dropped 3.2% last week. Platinum tumbled 6.1% in August after decreasing 0.3% in July. It fell 9.4% last year. Currently, the DG spot price is up $13.70 an ounce to $874.10.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.

Gold ticks up on flat jobs report, solidifying its position above $1,700 an ounce as market concerns over inflation and the economy take a breather. Continue reading →

Gold traded near a one-month low early Wednesday and looks headed for a fifth monthly drop on the prospect of higher interest rates.

Private payrolls showed anemic growth for August. Gold has shown little reaction to the ADP report that shows 132,000 new jobs for the month, a deceleration from the 270,000 gain in July and a far cry from the forecasted number of 300,000. The report also gave inflation worries a boost, showing annual pay up 7.6% for the month.

“We’re going to need to have restrictive policy for some time,” New York Federal Reserve President John Williams told the Wall Street Journal. “This is not something we’re going to do for a very short period and then change course.”

His comments echoed remarks Friday by Fed Chairman Jerome Powell, who indicated that the central bank will continue to act aggressively to fight four-decade highs in inflation.

Front-month gold futures fell 0.8% Tuesday to settle at $1,736.30 an ounce on Comex. The December contract also decreased 0.8% in the first two days of the week. Bullion is down 2.6% so far this month after dropping 1.4% in July. The metal retreated 3.5% in 2021. The current December contract is down $10.60 (-0.61%) an ounce to $1725.70 and the DG spot price is $1717.50.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.44% Tuesday to 976.26 metric tons, Reuters reported. 

Investors are now betting there’s a 72.5% chance of a 75-basis-point increase next month, with just 27.5% projecting a 50-basis-point rate hike in September, according the CME FedWatch Tool. A week ago, 53% of investors were betting on a 50 basis point increase. The Fed raised rates by 75 basis points each in June and July. 

The market is awaiting a series of U.S. jobs reports, including the key U.S. employment report for August, set for release on Friday, for signals on the state of the economy and further direction. There has been some concern by investors that the aggressive Fed moves will hurt economic growth and could lead to a recession. But recent positive economic data have refuted many of those assumptions. 

U.S. jobs openings and consumer confidence both beat forecasts in reports released Tuesday, bolstering speculation that the Fed is clear to announce another big hike without damaging the economy. The Fed’s preferred inflation measure, the personal consumption expenditures price index, on Friday showed price pressures eased in July, though they remained elevated. 

The Cleveland Fed’s Loretta Mester and the Atlanta Fed’s Raphael Bostic are scheduled to speak Wednesday, and the ADP employment report for August and Chicago manufacturing PMI are due out. Thursday brings the key U.S. manufacturing report and weekly initial jobless claims, with the week ending with the monthly U.S. employment report Friday. 

Front-month silver futures retreated 2.1% Tuesday to settle at $18.29 an ounce on Comex. The December contract dropped 2.9% in the first two days of the week. Silver is down 9.5% this month after slipping 0.8% in July. It retreated 12% in 2021. Silver prices are tied to industrial demand. The December contract is currently down $0.292 (-1.60%) an ounce to $17.995 and the DG spot price is $18.22

Spot palladium slipped 2.4% Tuesday to $2,102.00 an ounce. It’s down 2% this week. Palladium is down 2.6% in August after rising 9.9% in July. It retreated 22% in 2021. Currently, the DG spot price is down $17.80 an ounce to $2090.00.

Spot platinum fell 2.5% Tuesday to $853.90 an ounce. It dropped 2.2% so far this week. Platinum has tumbled 5.8% in August after slipping 0.3% in July. It dropped 9.4% last year. The DG spot price is currently up $0.50 an ounce to $857.60.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.

Gold clawing back as investors step in to buy the dip and markets react to stressed world stock markets. The yellow metal had fallen early Monday, extending last week’s losses, as the dollar held near a two-decade high following hawkish comments Friday from Federal Reserve Chairman Jerome Powell. Continue reading →

Gold dips a bit on stronger dollar, but still in tight range early Friday ahead of comments by Federal Reserve Chairman Jerome Powell in Jackson Hole, Wyoming. The bullion looks headed for a weekly gain, Continue reading →

Gold slips a bit early Wednesday ahead of Jackson Hole as investors awaited signals on future monetary policy from the annual meeting of central bankers at the end of the week in Wyoming. Continue reading →

Gold down, falling for a sixth session early Monday as the dollar strengthens, pressuring the precious metal amid expectations of a series of aggressive interest rates to rein in inflation.

The yellow metal touched its lowest level in more than three weeks Monday as the dollar rose to the highest level in more than a month, making gold more expensive for holders of other currencies. DG spot gold has clawed back to near $1,740, after hitting $1730, as traders buy the dip.

Investors are awaiting this week’s annual meeting of central bankers in Jackson Hole, Wyoming, for further indications on monetary policy. Fed Chairman Jerome Powell is set to speak Friday morning, while European Central Bank Executive Board member is set to speak Saturday. Bank of England Governor Andrew Bailey will also attend.

Front-month gold futures fell 2.9% last week to settle at $1,762.90 an ounce on Comex after the December contract decreased 0.5% Friday. Bullion dropped 1.4% in July after falling 2.2% in June and 3.3% in May, its worst month since September. The metal retreated 3.5% in 2021. Currently, the December contract is down $14.40 (-0.82%) an ounce to $1748.50 and the DG spot price is $1739.90.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.32% Friday to 989.01 metric tons, Reuters reported.

Investors are now betting there’s a 54.5% chance of a 50-basis-point rate hike in September, with just 45.5% projecting a 75-basis-point increase, according to the CME FedWatch Tool. A month ago, 59.6% of investors anticipated a hike of 75-basis points or more. The Fed raised rates by 75 basis points each in June and July, though a few positive economic reports since then had triggered some speculation that the Fed might impose a smaller increase in September.

Richmond Fed President Thomas Barkin said Friday that the central bank would go as far as risking an economic recession to curb inflation.

The Fed’s Neel Kashkari is scheduled to speak Tuesday. And economic reports on durable goods, MBA mortgage applications, and pending home sales are due Wednesday. U.S. GDP and weekly initial jobless claims come out Thursday.

Front-month silver futures fell 8% last week to settle at $19.18 an ounce on Comex after the December contract tumbled 2% Friday. Silver slipped 0.8% in July after declining 6.2% in June and falling 6.1% in May. It retreated 12% in 2021. Silver prices are tied to industrial demand. The September contract is currently down $0.254 an ounce to $18.815 and the DG spot price is $18.96.

Spot palladium retreated 4.5% last week to $2,148.50 an ounce after falling 1.5% Friday. Palladium rose 9.9% in July after losing 2.9% in June and 14% in May, the biggest monthly decline since September. It retreated 22% in 2021. The current DG spot price is down $127.90 an ounce to $2021.00.

Spot platinum declined 7% last week to $901.80 an ounce after slipping 1.8% Friday. Platinum retreated 0.3% in July after losing 7.2% in June. It dropped 9.4% last year. The DG spot price is currently down $25.60 an ounce to $880.80.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.

Gold slips to a three-week low early Friday on strong dollar, headed for the first weekly decline in a month as the dollar hits a one-month peak. Continue reading →

Gold slips ahead of Fed minutes, dipping on a stronger dollar, while shrugging off flat U.S. retail sales as investors awaited signals on the Federal Reserve’s likely future moves to combat inflation for further direction. Continue reading →

Gold slips as dollar advances early Monday and investors sought profits after the yellow metal advanced for a fourth consecutive week last week. The bullion was further suppressed by a downbeat economic report out of China. Continue reading →

Gold aiming for its fourth weekly advance, as a weaker dollar lifts spot gold back near $1,800 an ounce. Continue reading →

Gold rises on cooler inflation, briefly jumping the $1,800 an ounce line as the Consumer Price Index stays under the forecast level. Continue reading →

Gold steady amid speculation on the economy, ticking up this morning on a weaker dollar as the precious metals market continued to digest Friday’s strong U.S. jobs report. Continue reading →

Gold ticks down this morning on surprisingly strong jobs data. The bullion slipped after hitting its highest level in almost a month early Friday. Continue reading →

Gold boosting on US-China tensions, but kept in check by U.S. Treasury yields. The yellow metal came off Wednesday’s one-month high after Treasury yields strengthened on a series of hawkish comments by Federal Reserve officials. Continue reading →

Gold hits three-week high early Monday as the dollar slipped and bond yields fell amid speculation that the Federal Reserve’s rate increases might be less aggressive because of recession fears. Continue reading →

Gold rises on recession fears, hitting a more than three-week high, after a report Thursday showed the U.S. economy unexpectedly contracted in the second quarter and Treasury yields touched a three-month low. The bullion had little reaction to this morning’s inflation data. Continue reading →

Gold little changed before this afternoon’s Fed meeting, but it briefly lifted this morning on a softer dollar, but settled back as investors awaited the Federal Reserve monetary policy decision. Continue reading →