USD, Stocks and Yields Higher ahead of FOMC Meeting

Financial markets were in a risk on mode ahead of the FOMC meeting. In the commodity sector, safe haven assets lost appeal with the benchmark Comex gold and silver contracts falling -1.07% and -3.07% respectively. Oil prices were mixed. While the front-month WTI crude oil price climbed slightly higher, the Brent contract was down modestly. In the FX market, US dollar rose across the board, sending the DXY index +0.2% higher for the day.