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Gold prices fell slightly today, dropping at the same time below $ 1290, which is associated with the expectations of the outcome of the meeting of the Federal Reserve System.
Investors expect the Fed's indication that interest rates will remain unchanged at near zero for some time to come. At the same time, some investors accept a positive impact on the Fed precious metals. "Gold prices may obtain further support on the eve of the statement to be made on the results of the Fed meeting," - analysts say ANZ ..
"In our opinion, the Central Bank will pay special attention to slowing global economic growth and underline the unhurried approach to raising interest rates," - wrote analyst Edward Meir INTL FCStone.
Pressure on gold also has reduced demand of investors in the asset-seekers. "Despite the increased uncertainty in the euro area in connection with the new Greek government, the demand for gold as a safe haven as a whole has not increased," - said Howie Lee, an investment analyst at Phillip Futures.
Little influenced by data from Germany. It is learned that the February consumer confidence index from the German Gfk rose to around 9.3 (up to November 2001). It should be noted that the published value of the index has exceeded analysts' forecasts, which accounted for 9.1. Believe in the GfK, consumers in Germany, apparently acted strong drop in energy prices over the past few weeks. "So, reducing the cost of gasoline and heating oil supports the growth of disposable income and gives consumers more freedom of choice of other expenses and purchases," - noted in the study group.
The cost of the February gold futures on the COMEX today fell to 1287.00 dollars per ounce.
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