Gold price fluctuate waiting for the Fed

Gold Bars in Vualts

Gold prices rose during Thursday trading session after falling for more than 1% in the previous session, but today’s gold prices remained in Sentry significantly to the final decision of the Federal Reserve Board your valuable reduce monetary stimulus program

Where gold prices fell this year  20% , behind the decline is the anticipation of lower monetary easing program and reduce purchases of Treasury bonds, which worth $ 85 billion a month.

The decline in gold price yesterday pushed the gold investors to made a short covering or technical buying to keep balance for the precious metal today before the Fed announcement. Investors expect that the fed will not reduce the assets purchase program this year. The issue which support gold price rise temporary.

 

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