Ahead of Fed Decision, Dollar Continues to Climb

Despite rising geopolitical tensions, gold has returned its recent 0.9 percent gains overnight, losing ground to a U.S. dollar that continues to gain ground. The precious metals is currently at $1,273 per ounce.

In U.S. markets, Wall Street continues to climb towards new all-time records. October's jobs growths are looking much stronger than what analysts had originally anticipated. The U.S. Federal Open Market Committee (FOMC) is expected to be making another policy decision soon, though market participants anticipate that interest rates and QE will not be affected.

Growing tensions in the Catalan & Spain rebellion are offering very little in terms of safe haven spending for precious metals and other markets typically boosted in times of global stress. Carles Puigdemont, ex-governor of Catalan, will not be appearing in Spanish court tomorrow, opting instead to answer questions from the country he fled to, Belgium.