Top Daily News
FOMC Meeting looming
A few weeks ago oil-producing nations made a deal to cut output by 558,000 barrels a day. OPEC agreed late last month to curb output by 1.2 million barrels a day starting on Jan. 1. The reductions amount to almost 2% of global oil supply.
The Federal Reserve is widely expected to raise rates on Wednesday. Higher rates typically cause the dollar to strengthen. Rate increases also scare investors away from gold.