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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.

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Wednesday, 27 Jan, 2016 / 3:27

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