- Analytics
- News and Tools
- Market News
- Gold fell
Gold fell
Gold prices fell to a three-week low in anticipation of the announcement of the decision of the US Central Bank.
Market participants are preparing for today's monetary policy meeting, the Fed, the results of which the bank is likely to announce the completion of its enabling asset purchases, known as quantitative easing.
Investors will closely examine the Fed statement to find in it further hints that interest rates will remain near zero for some time in the future.
Market analysts believe that those responsible for the monetary policy of the bank officials reiterated that rates will stay low for an "extended period" and that there was "considerable underutilized" labor market.
Meanwhile, Russia has increased its gold reserves sixth consecutive month in September, according to the International Monetary Fund.
The cost of December gold futures on the COMEX today dropped to 1220.80 dollars per ounce.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
