Gold stable before the FED decides on rates

Gold stable in EU session

Gold resumes stable in the European trading session, amid the investors and the traders preparing for a rate increase by the FED, as well as focusing on the elections in the Netherlands.

Gold futures trade to $1,203.35

Gold futures on the Comex division traded to $1,203.35 a troy ounce rising 75 cents. Spot gold approached $1,203.85 per ounce appreciating $5.00.

Oil rebounds following crude stockpiles release

Oil prices climbed and recovered from three-month lows, as the crude stockpiles in the U.S. arrived at a drawdown.

WTI crude approached $48.42 a barrel rising 1.7% or 83 cents, and Brent futures at $51.68 escalating 1.5% or 76 cents. As per the American Petroleum Institute, crude stocks in the U.S. dropped last week by 531,000 barrels.

New Zealand and Aussie trade higher

Today, the New Zealand and the Australian dollar traded higher versus the greenback, amid the fragility existing due to the FED's policy decision coming up today. The AUD/USD traded to 0.7581 rising 0.28%.

The NZD/USD approached the 0.6938 zone gaining 0.27%. The U.S. dollar index reached the 101.40 level declining 0.21%.

U.S. dollar lower ahead of FOMC data

The U.S. dollar, ahead of the FOMC meeting, traded lower. Based on the recent estimations, the economists and the analysts predict that the Federal Reserve will probably increase rates by 25 basis points.

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