Gold continues in a tight range in very quiet trading, though the FOMC meeting statement could see a large move. The last couple of times gold has plunged following the statement as the likelihood of further QE has been interpreted to be less than expected.
Trying to trade on the day of the FOMC statement is nothing more than a pure gamble, we prefer to stay on the sidelines and see what happens.
Trying to trade on the day of the FOMC statement is nothing more than a pure gamble, we prefer to stay on the sidelines and see what happens.