Gold futures settled lower on Wednesday after moving in a very tight band below the unchanged line, as traders made cautious moves ahead of the Federal Reserve's policy announcement.
With inflation at an elevated level, the Fed is widely expected to end its $120 billion a month bond buying program sooner than previously expected and bring forward the possible timing of rate hikes.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.