Gold futures are on track for a back-to-back loss Wednesday as traders await the outcome of a Federal Reserve policy meeting, while monitoring a rise in Treasury yields.
The U.S. trade deficit in goods rose in March for the third month in a row and hit another record high, but the upsurge mostly stems from the American economy recovering faster than other countries.
The Dow Jones Industrial Average and Nasdaq Composite opened lower Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting and continued to sift through quarterly results from technology heavyweights.
Investors have kept their cash piles high in the pandemic, according to a UBS survey. But their optimism about the economy has risen over the past three months and here’s where they’re now considering investing.
Here are three things to watch for when the Federal Reserve meeting ends this afternoon. Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. Eastern.