Monday's Market Minute: Gold Spikes Ahead Of A Busy Week

We’ve got a packed schedule again this week with lots to stay dialed in on. First up, and the major focal point for many, is the Fed: the FOMC two-day policy meeting begins Tuesday, and it’s widely expected that rates will remain unchanged. With the short end of the curve near record lows, the Fed could announce plans to increase corporate bond purchases, and many expect mention that the Fed is considering yield curve controls.

In addition, we have some closely watched economic data that has the potential to move markets. This week, keep an eye on Durable Goods Orders; Consumer Confidence, Housing data and EIA weekly inventories will take a backseat role. GDP is released Thursday, and Personal Income and Spending, which, once we hear from Jerome Powell, I expect to take center stage as we head into the end of the week. Keep in mind that the last trading day for the month of July is Friday.

Join us on the TD Ameritrade Network for analysis of all this and more as we reach the end of a busy month!

Photo by Sophie Backes on Unsplash