Gold price weaker as FOMC meeting on deck
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Gold prices are weakening as the Federal Open Market Committee (FOMC) meeting approaches. The anticipation of potential monetary policy changes is impacting the commodity markets.
December 17, 2024 | 1:45 pm
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The SPDR Gold Trust (GLD) may experience short-term price fluctuations as gold prices weaken ahead of the FOMC meeting, driven by expectations of potential monetary policy changes.
The FOMC meeting is a significant event that can influence gold prices due to potential changes in monetary policy. As gold prices weaken, GLD, which tracks the price of gold, is likely to be impacted negatively in the short term.
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IMPORTANCE 70
RELEVANCE 80