September 18, 2019

Gold is up slightly today, currently trading at $1,509.00, as investors await the results of this week’s Fed meeting.  The overwhelming consensus is that the Fed will cut rates 25bps, and like July’s meeting, the Fed’s outlook moving forward will likely be more influential on markets than the rate cut itself.  After snapping an eight session winning streak yesterday, stocks continue to trend downward ahead of today’s decision.