Thursday , January 28 2021

Gold falls into settlement before the announcement of the US Central Bank decision

Gold prices fell in the trading session on Thursday, as the US dollar increased, and the monetary policy decision was expected.

The Fed is about to announce its monetary policy decision later in the day, with expectations of a 2% to 2.25% rate.

But it is expected that the US central bank will raise interest rates for the fourth time this year in December and will continue its growth gradually in the coming year.

As far as the economy is concerned, unemployment claims in the US fell according to analysts' forecasts last week.

At the time of settlement, gold futures for delivery in December fell 0.3 percent to $ 1225.10 per ounce.

Until 1840 GMT, the spot price of yellow metal fell 0.2% to $ 1224.41 / ounce.

Over the same period, the dollar's main index, which measures the performance of the coin against the six major currencies, rose 0.4 percent to 96,394.

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