Gold futures fell on Monday to tally a third decline in a row, contributing to a loss for the month of October — the precious metal’s seventh consecutive monthly decline. Some investors remain skeptical about the Federal Reserve potentially pivoting to a more dovish stance on Wednesday, said Fawad Razaqzada, market analyst at City Index and FOREX.com. The Fed will announce its interest-rate decision on Wednesday afternoon. A 75 basis-point rate hike is almost certain, but “it is not fully priced in,” he said. Gold for December delivery GCZ22,
USDJPY declines again as the yen receives support from the Bank of Japan sentiment
The USDJPY pair is going down on Wednesday. The JPY is gaining ground ahead of BoJ decisions. Discover more in our analysis for 18 September