Gold rises first day in three as the dollar slips ahead of the Federal Reserve’s meeting this week. Palladium rallies.
The gathering of Fed officials Tuesday and Wednesday will be closely watched for clues on whether the central bank is ready to start easing monetary policy amid cooling inflation, deteriorating growth and trade war uncertainty. A report Monday showed a gauge of factories in New York state plunged in June by the most on record, adding to signs tariffs are weighing on manufacturers and the broader economy.
Spot gold +0.5% at $1,346.37/oz at 7:46am in London, after -0.2% on Monday.
Source : Bloomberg