Gold price near steady as FOMC meeting on deck

Gold price near steady as FOMC meeting on deck gold silver FOMC

- Gold and silver prices are not straying too far from unchanged levels in quieter early U.S. trading Monday, as traders await a key central bank decision at mid-week. August gold was last up $1.40 at $1,968.00 and September silver was down $0.015 at $24.84.

A Barron’s news headline today reads:"Tech earnings, Fed rate call, inflation data—expect crucial answers this week." The key outside markets today see the U.S. dollar index a bit firmer. Meantime, Nymex crude oil prices are firmer and trading around $77.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.807%.

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