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GOLD
GOLD: Gold has moved a little higher through the Asian session, reversing some
of yesterday's losses. The yellow metal is currently around $1.50/oz higher,
trading at $1,489/oz.
- Overnight the China Gold Association said that real gold demand fell 9.6% in
the first nine months of 2019. There was little immediate reaction in the gold
market to the release of the data.
- The main event of the day will be the FOMC rate decision. A 25bp cut is widely
expected but the focus is on whether the Fed paint the decision as the end of
the mid-cycle easing.
- Brexit developments are now likely to take a back seat as the UK prepares for
a General Election but US-China trade talks will continue to be of note to gold
traders.

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