June 17, 2019

Gold is trading at $1,341.00, its movement has become much less volatile ahead of Wednesday’s FOMC rate decision and Fed Chair Powell’s ensuing press conference that should set the tone for future Fed policy.  U.S. stocks, which have been moving in unison with the price of gold the last few weeks (as both react positively to the likelihood of a rate cut) are up slightly as well, ahead of this week’s meeting.