Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Gold heads north, with Fed meeting in focus

Gold heads north, with Fed meeting in focus

Information is not investment advice

On Tuesday, gold jumped, underpinned by hopes that the US main financial institution is going to send financial markets a more dovish message as for future monetary policy following the two-day policy gathering scheduled to start a bit later on Tuesday.

On the Comex exchange, gold futures surged by about 0.6% hitting $1,309.25 a troy ounce.

Besides this, spot gold concluded the trading session at $1,309.43 per ounce, jumping by about 0.45%.

In addition to this, the Federal Reserve is going to come out with fresh estimates for economic surge as well as interest rates that many experts tell might hint at another rate lift in 2019.

The major US bank has already hinted that it won’t probably lift interest rates again in the nearer future, after last year’s four increases.

Indicating the evergreen buck’s purchasing value against its main peers the USD index demonstrated an outcome of 95.85, keeping to a two-week minimum.

The evergreen buck is a bit pressured, giving some support to the yellow metal.

Meanwhile, palladium prices demonstrated their fresh peaks reacting to the news that Russia is on the verge of banning exports of precious metals scrap.

As for spot palladium, it surged by 1.4% hitting $1,599.11 an ounce, having reached a record maximum of $1,601.45.

There has been a buzz that Russia would tame exports of some scrap materials. Such a tight market as palladium couldn’t certainly neglect that news.

Russia happens to be a key producer of palladium, employed mostly in catalytic converters for vehicles with gasoline power plants. Demand for palladium has tacked on due to the fact that diesel engines have lost market share as a result of public worries about air quality.

Silver futures rallied by 0.7% reaching $15.42 a troy ounce. Platinum surged by 1.7% being worth $848.10 an ounce.


All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.


The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later