FX & CFD trading involves significant risk
The price of gold has increased, interrupted in this series of four downs, but growth has been limited, as many market participants' attention was focused on the upcoming Fed statement, which will be presented tomorrow.
Spot gold prices rose by 0.5%, departing from the values in the last 2.5 weeks
Note that the market participants are expecting that the recent spate of positive economic data has forced the Fed's policy to consider changing its lending policies. However, many traders with great interest the publication of data on employment in non-agricultural sectors of the economy, which may be helping to assess the state of the economy.
Economists note that from a technical point of view, after falling in the last few days, there was an interest in buying, but the volume of these transactions is not sufficient to hold a further upward movement.
Meanwhile, experts say that stocks and other assets that are considered high risk, has recently attracted more and more investors, while gold lost some of their positions, as upbeat data from major economies of the world have made it clear that their economic recovery is gaining momentum.
February futures price of gold on COMEX today rose to 1661.90 dollars per ounce.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.