Tuesday , March 2 2021

Gold falls to a settlement before the decision of the US central bank



Gold prices fell on Thursday in the trading season as the US dollar rose and the monetary policy decision was pending.

The Fed will announce its decision on monetary policy later in the day with expectations of an interest rate of 2% to 2.25%.

However, it is expected that the US Central Bank will raise interest rates for the fourth time this year in December and continue its gradual enlargement next year.

On the economic side, American Western demands aligned with analysts' forecasts last week.

On settlement, gold futures for delivery in December fell 0.3% to $ 1225.10 an ounce.

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

In the same period, the main index of dollars, which measures the effect of the exchange rate on the 6 major currencies, grew by 0.4% to 96,394.


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