October 30, 2019

Gold is currently trading at $1,495.10, up $6.80, as stocks are slightly lower ahead of today’s interest rate decision from the Fed.  Rates are expected to be cut 25 basis points, and like previous FOMC meetings, Jerome Powell’s press conference on future Fed sentiment will most likely be much more influential to markets than the rate cut itself.  Q3 GDP and ADP employment info both came in better than expected, sending mixed signals on the health of the economy about to receive another rate cut.