About this deal
The COMEX merged with the New York Mercantile exchange (NYMEX) in 1994 and became the division responsible for metals trading.
Gold Forecast, News and Analysis - FXStreet Gold Forecast, News and Analysis - FXStreet
Federal Reserve (Fed) Chairman Jerome Powell stated that the rise in long-end yields needs to be persistent and driven by higher term premiums to influence monetary policy while mentioning that the current monetary policy is already restrictive.
On the other hand, the weaker Chinese data might cap the gold’s upside as China is the world's largest gold producer and consumer.
trader looks to the Equity indices if the risk has indeed been on and if it is about to turn as well. Meanwhile, global economic data continues to miss the mark, pushing back market hopes for increasing Crude Oil demand. The rebound of precious metal is bolstered by a decline in the US Treasury bond yields following the the Federal Open Market Committee (FOMC) policy meeting. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.Bonds: Bund (the German word for "bond", a debt security issued by Germany's federal government) and T-Note (Treasury Note, a marketable U. as markets broadly expected, but a lack of significant changes in the Fed's rate statement leaves investors unsure of an additional rate hike in December to close out the year.