The Calm Before The Storm; FOMC Meeting On Deck

(Kitco News) - Global stock markets were mostly firmer overnight. Corporate earnings reports are presently garnering attention of equities traders. Reports said the Volatility Index (VIX) has dropped to its lowest level in a decade early this week.

In technical jargon, this is called a collapse in volatility, which precedes bigger price moves forthcoming. In layman's terms it's called the calm before the storm. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Gold prices are slightly higher in pre-U.S. market trading.

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