Wall Street suffered its second day of losses today, with the Dow dropping 389 points as investors monitor the Federal Reserve Open Market Committee (FOMC) meeting and a slew of fresh earnings reports. Trade tensions continued as well, with unfinished deals looming as negotiations began between President Trump and Canadian Prime Minister Mark Carney. Meanwhile, trade deficit data was also in focus, widening more than anticipated in March.

GOLD, OIL ENJOY HEALTHY SESSION WINS

Increasing demand from China and Europe is pushing the price of crude higher, allowing the commodity to recover some of its recent losses. June-dated West Texas Intermediate (WTI) oil rose $2.13, or 3.73%, to settle at $59.26 per barrel. 

The Fed meeting kept bullion in the spotlight, pushing it higher for the session. June-dated gold surged 2.4%, to close around a two week high of $3,422.90 an ounce.

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