Gold Eyes Fed, Deficit Climbs $1.4 Trillion in 2016
London (Oct 4) Gold is down this morning for the 5th day in 6 ($1306 last) on relentless USD strength particularly vs. the GBP and Yen. The Fed has two speakers, Jeff Lacker and Charles Evans, due to speak today. There are no major economic releases today so expect "Fed Watchers" to be out in full force.
India's Central Bank cut rates by 25 basis points in a surprise move to 6.25%.