Events Over the Next Two Days Will Dramatically Impact Gold Prices
The Federal Reserve's choices, which will be made public on Wednesday, will be heavily influenced by information from the inflation report released on Tuesday.

Meetings of the US Central Bank and CPI are upcoming
This week, several central banks throughout the world, including the European Central Bank, the Bank of England, and the Swiss National Bank, are expected to announce changes to interest rates. Market participants in the US are preparing for two significant events that will take place on Tuesday and Wednesday of this week.
The government will publish the final report for this year—the CPI index report for November—on Tuesday. Following the conclusion of the Federal Reserve's final FOMC meeting of the year on Wednesday, Chairman Jerome Powell will hold a news conference and the Fed will make a statement.
The Federal Reserve's choices, which will be made public on Wednesday, will be heavily influenced by information from the inflation report released on Tuesday. Currently, a 50-bps rate hike is anticipated from the Fed. The probability that the Fed will raise rates by 50 basis points is 74.7%, while the probability that it will raise rates by 75 basis points is 25.3%, according to the CME's FedWatch tool.
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