All eyes on the Fed
This week the main focus of attention will be the FOMC meeting on Wednesday.
Although no major announcements are expected, investors will try to read between the lines to gauge the Fed’s continued commitment to extended easing given upward revisions to previous payrolls numbers and better macro data recently.
The recent more positive data, however, is unlikely to deter the US Fed from its current path of quantitative easing, as it has made clear that QE will continue until “considerable time” after the economic recovery strengthens. [Gold ETFs See Outflows After Mini-Slump]
ETFS Physical Swiss Gold Shares (NYSEArca: SGOL)
