Kerr Mines Inc (KER)

[goldenpolarbear]

« ...Later in the day, the U.S. Federal Reserve begins a two-day monetary policy meeting. The central bank is widely expected to stand pat on monetary policy, but investors will be paying close attention to the central bank's tone for cues on the pace of further interest rate hikes.

"There's no clear direction for investors to really play on,
and I suppose until there's a bit more clarity from the U.S.
Federal Reserve in particular, I think that's going to remain
the case," ANZ analyst Daniel Hynes

"We could see some support return post the meeting ... I'll be looking for a rebound post the meeting, particularly as they're not as hawkish as they have been," Hynes said.

The U.S. central bank has raised benchmark lending rates twice this year and signalled two more increases by year end.

Higher U.S. rates tend to boost the dollar, making greenback-denominated gold more expensive for holders of other currencies.

"We do not expect any deviation in the Fed's plan ... the precious metal remains heavily skewed towards the downside with upside being largely limited by dollar influences," Benjamin Lu, a commodities analyst at Singapore-based broker Phillip Futures,
said in a note.

Meanwhile, the Bank of England is seen raising rates when it concludes a meeting on Thursday.

Spot gold is biased to fall into a range of $1,206-$1,214 per ounce, according to Reuters technicals analyst Wang Tao... »

https://www.reuters.com/article/global-precious/precious-gold-trades-in-tight-range-ahead-of-us-fed-meeting-idUSL4N1UR1VD

BUT if The US China TRADE WAR heats UP this Fall...? And a HARD BREXIT is delivered in 2019... Hmmm?