Trading news

Expert's opinion from FXFinPro

Gold may rise after the Fed statement


The price of gold corrected downward after strong growth, which was caused by the increasing demand for defensive assets. Today is forecasted the rise of price volatility after the publication of the Fed statement on monetary policy. Analysts do not predict changes in the parameters of monetary policy, and will follow the rhetoric of the statements. In the case of softer statements, which will reduce the probability of monetary policy tightening in the near future, the price of gold will continue to grow. We expect a gradual increase in prices of gold, but its potential is limited.


More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Wednesday, 27 Jan, 2016 / 3:27

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under