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- Gold rises in price in anticipation of news from the Fed
Gold rises in price in anticipation of news from the Fed
Gold rises in price before the announcement of the results of the meeting of the Federal Reserve, from which the market is waiting for further stimulus measures.
On the eve of the Fed dollar is close to many months lows, making gold more attractive asset for investors outside the United States.
Widely expected that the committee will announce Wednesday afternoon that replaces the operation twist, the terms of which comes to an end, a new program of purchase of U.S. Treasury bonds, which will increase the Fed's balance sheet. Such programs, known as quantitative easing, usually weaken the currency. In the market believe that they are equivalent to printing money.
Stocks of gold-ETFs ETF fell to 76.178 million ounces on Monday reached a record 76.187 million ounces.
February futures price of gold on COMEX today rose to 1720.40 dollars per ounce.
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