• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Gold holds near three-month lows ahead of the Federal Reserve's next decision

FinanceInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

Spot gold rose 0.2% to $4,005.41 an ounce in Monday's Asian session, after falling 4.1% the previous week and slipping below $4,000 on Friday for the first time since mid-July. Markets await the Federal Reserve's meeting on October 27-28 and the release of the PCE index on October 29, amid higher energy prices and 10-year Treasury yields near 5%.

In 35 seconds

  • Spot gold rose 0.2% to $4,005.41 an ounce and US futures gained 0.3% to $4,017.45 an ounce.
  • The previous week the metal fell 4.1% and on Friday dropped below $4,000 for the first time since mid-July.
  • The market expects the Fed to keep rates unchanged at its October 27-28 meeting, with attention on signals about December.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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