Gold slides to session low ahead of Fed decision

Author: Adam Button | Category: News

Gold is lower today after three days of gains.

Yesterday’s high matched the 50% retracement of the late-Nov/early-Dec decline. Another rally today fizzled ahead of the same level and now gold is at the lows of the day.

The Fed decision tomorrow is the main event risk. More printing is obviously good for gold but as Jamie mentioned, expectations are lofty.