Gold prices are supported by expectations of fed decision the U.S. base rate, in anticipation of which the market participants prefer to remain cautious and not to take active steps.
MOSCOW, 28 Oct. Gold prices remain reasonable positive momentum on Wednesday in anticipation of investors to the announcement of the decision of the U.S. Federal reserve at the base rate, according to AFP.
As of 08.35 GMT December futures for gold on the new York stock exchange Comex rose in price by $ 2, or 0.17%, to 1167,80 dollars per Troy ounce. The cost of December futures for silver has grown on 0,26% — to 15,91 USD per ounce.
Investors prefer to remain cautious and not to take active steps in the markets at that time, as there is a regular meeting of the fed. Analysts believe that the regulator will keep the base rate at its lowest level and will postpone the tightening of monetary policy in 2016.
“Now all the markets are waiting for fed decision and U.S. GDP data for the country, which will be released this week”, — quotes Reuters the words of a strategist at INTL FC Stone Edward Meir (Edward Meir).