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Gold Price Softens Ahead of a Busy Week with Fed, BoE, SNB and BoJ Meetings

September 19, 2022

Via: DailyFX

Gold slipped again today as the US Dollar found some traction with Treasury yields maintaining lofty levels going into a busy week for central banks. The non-yielding precious metal is below us$ 1,670 at the time of going to print.

The Federal Reserve meet on Wednesday while the Bank of England (BoE) and the Swiss National Bank (SNB) will gather on Thursday.

The Fed and SNB are anticipated to raise rates by 75 basis points (bp), while the BoE is eyeing a 50 bp hike according to a Bloomberg survey of economists.

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