Higher interest rate expectations also rise the cost of gold, as they increase the cost of opportunity by increasing bond yields along with other non-yielding assets. The Federal Reserve’s meeting is scheduled for Wednesday, and while market participants are interested in the decision,Warsh’s press conference and new rate projections will attract just as much interest.Geopolitics will provide the counterweight. Over the weekend, the disruption of Saudi Arabia’s East-West pipeline by drone attacks poses a ri ...