Gold Subdued Ahead Of Major Central Bank Meetings

Gold prices were little changed on Monday as the U.S. dollar index wobbled amid stalled U.S.-Iran peace talks and ahead of a busy week of central bank meetings. Markets are focused on Jerome Powell's last press conference as Fed Chair on Wednesday, which may influence expectations for rates and the dollar. The piece is a near-term market setup update rather than a major catalyst.

Analysis

Gold prices were little changed on Monday as the U.S. dollar index wobbled amid stalled U.S.-Iran peace talks and ahead of a busy week of central bank meetings. Markets are focused on Jerome Powell's last press conference as Fed Chair on Wednesday, which may influence expectations for rates and the dollar. The piece is a near-term market setup update rather than a major catalyst.