Gold Traders Don't Remember To Profit This Week, Be Careful!

<p>&nbsp;The precious metal gold traded flat at the start of the week after ending last week's trade in negative territory.</p><p><br /></p><p>Heading into a busy week of economic data and policy meetings, gold prices hovered around $1,960 amid investor caution.</p><p><br /></p><p>Among the most awaited by investors is the Federal Reserve's (Fed) interest rate decision early Thursday morning (Malaysian time) which is expected to raise interest rates by 25 basis points.</p><p><br /></p><p>However, expectations for the next increase will be determined by Fed Chairman Jerome Powell's follow-up statement.</p><p><br /></p><p><br /></p><p>In addition to the FOMC meeting, the market this week will also be filled with the release of key economic data and policy meetings of the European Central Bank (ECB) and Japan (BOJ).</p><p><br /></p><p>Volatility in the market is expected to increase significantly throughout this week, especially when the Fed's interest rate decision.</p><p><br /></p><p>At the time of writing, the market situation is seen to be still stable with the US dollar moving flat after recovering from its lowest level last week.</p>