Gold prices stable ahead of Fed meeting; dollar remains weak

Wall Street futures are exhibiting caution as the Federal Reserve approaches a pivotal meeting regarding potential interest rate cuts, with technology earnings also on the horizon. This uncertainty reflects investor sentiment as they await clearer signals from the Fed on economic conditions.

The S&P 500 index ended slightly down as investors remain cautious ahead of the Federal Reserve's upcoming rate decision, reflecting uncertainty in the markets. This decline is indicative of a broader trend where U.S. stocks have faced downward pressure as traders await clarity on monetary policy.

President Trump is set to conduct final interviews this week for the position of Federal Reserve chair, with Kevin Hassett emerging as a leading candidate among the finalists. This follows reports of Hassett's strong support within the administration and his potential nomination expected by early 2026.

Stocks experienced a decline as investors adopted a cautious stance ahead of the Federal Reserve's forthcoming interest rate announcement, reflecting uncertainty in the market. This slip in stock prices comes amid rising yields and a slight uptick in the dollar's value.

Kevin Hassett, a leading candidate for the position of Federal Reserve Chair, has indicated that there is 'plenty of room' to cut interest rates, suggesting a potential shift in U.S. monetary policy. This statement comes as President Trump prepares to conduct final interviews for the role, with Hassett emerging as a prominent contender supported by the administration.

Gold prices edged higher in the early Asian session as investors anticipate the upcoming Federal Open Market Committee (FOMC) decision on interest rates scheduled for Wednesday. This movement reflects a cautious optimism in the market as traders adjust their positions ahead of the critical announcement.

Oil prices have settled down approximately 1% as traders shift their focus towards ongoing peace talks regarding Ukraine and the impending Federal Reserve policy decision. This decline reflects market caution amid geopolitical uncertainties and economic signals.

Silver prices have surged past $60 per troy ounce for the first time, marking a significant milestone in the precious metals market. This increase comes amid heightened expectations for interest rate cuts by the Federal Reserve, which have influenced trading behaviors. Gold prices have also seen an uptick, reflecting a broader trend in the commodities sector.