Near-Perfect Storm Brewing for Gold Prices?

The video discusses the recent volatility in the gold market, influenced by global interest rate trends and the upcoming FOMC meeting. Phillip Streible from RJO Futures provides insights into the technical and fundamental aspects of gold trading, highlighting the impact of negative interest rates in Europe and Japan. The discussion also covers the recent trends in gold ETFs and investor behavior, with a focus on potential future rate hikes by the Federal Reserve.

What are the potential implications of the upcoming FOMC meeting on gold prices?

What does the recent increase in ETF holdings backed by gold indicate about investor sentiment?