FX & CFD trading involves significant risk
Gold prices rose after the publication of the minutes of the last meeting of the Open Market of the Federal Reserve System. The report did not give investors a clear picture of future monetary policy of the U.S. central bank.
Gold prices rose in recent weeks, however, this growth has stopped a few days before the publication of minutes of the Fed meeting, while some traders took a cautious stance.
One source of concern was the question of whether members of the Federal Reserve began to think more and more in the direction of minimizing the incentive program.
However, reports have indicated that the views of the leaders of the central bank on terms to minimize the program of bond purchases were divided, with some of them voted for a reduction in the program in a short time, while others called for greater caution. Fed officials also called exit in recent economic data "mixed", leaving traders in the dark as to the timing of the first reduction in monthly bond purchases by the central bank.
Gold fell by nearly 20 percent since the beginning of the year, but up 15 percent from a three-year low of $ 1.180,71 an ounce in late June.
The cost of the October gold futures on COMEX today rose to $ 1381.20 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.