The price of gold continues to defend the November low ($1759) ahead of the Federal Reserve rate decision as it bounces back from a fresh weekly low ($1767).

The EU Stoxx 50 Index has fallen slightly on the backfoot over the last few sessions as market participants cast an eye toward a full slate of central bank decisions.

Nasdaq 100 falls for the second consecutive day on expectations the Fed may adopt a hawkish stance at the end of its December monetary policy meeting to curb high inflation in the economy.

A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in NZD/USD like the behavior seen earlier this month.

Gold prices ease in anticipation of the FOMC rate decision: Will a hawkish Fed push prices out of their well-defined range?

The US Producer Price Index (PPI) increased in November by 0.8% versus an estimated rise of only 0.5% adding to existing inflation concerns

Market sentiment is broadly neutral as the Omicron coronavirus variant spreads and the FOMC meeting looms; traders will need to be careful until this week’s central bank meetings are over.

Tesla CEO Elon Musk has tweeted that the company will accept Dogecoin as payment for some of the company’s products, sending DOGE soaring.