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Precious Metals Preview: Gold steady ahead of Fed monetary policy outcome
17-Jun-2026 09:02
COMEX Gold futures are holding steady around $4350 per ounce as traders eyed outcome of the Fed monetary policy meeting. Sentiments are stable after recent rebound from seven month low. World Gold Council's 2026 Central Bank Gold Reserves Survey shows that central banks are as enthusiastic as ever towards gold, with a record high 45% reporting that they plan to increase their gold reserves in the coming 12 months. Despite strong price performance and significant gold accumulation in recent years, central bank sentiment towards gold continues to be undiminished. Gold's performance during crises, its ability to preserve value, and its diversification benefits continue to be leading reasons for central banks to hold gold reserves.

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