Gold awaits US Federal Reserve / World $ 1837 ounce meeting

“Investors are waiting for clues from the US Federal Reserve meeting on raising interest rates, and while worries about inflation and the Russia-Ukraine dispute, gold is attractive.” As a safe haven, the price of gold did not change much in today’s trading.

Gold traded up $ 1.68 at $ 1,837.06 an ounce in global markets. Gold had fallen slightly in the early hours of trading.

There are concerns about the possible expansion of US and EU sanctions against Russia in the event of military action in Ukraine.

Economists polled by Reuters say the Fed is pushing its monetary policy faster than What A month ago, it seemed, it would contract to deal with high inflation. High inflation, big Most It threatens the US economy over the next year.

The US Federal Reserve’s Federal Open Market Committee is scheduled to meet tomorrow, January 25 and 26, the day after tomorrow.

Gold is generally seen as a safe source of investment against inflation and is highly sensitive to rising interest rates because it increases the maintenance costs of gold, which is an interest-free asset.

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