Dovish comments from central banks can extend gains for Gold

Money Control | Sep 18, 2019 at 11:03 AM
  • Comex gold prices traded rangebound in the previous week, with limited volatility, as market participants waited for the Federal Reserve policy statement that will be released this week.
  • This week, the focus will be on policy statements of central banks, starting with the Federal Reserve, followed by the Bank of England (BoE) and the Bank of Japan (BoJ).
  • Apart from the economic numbers, central banks will play an important role this week, as three major central banks Fed, BoE and BOJ have their policy meet scheduled.