Reduce the price of gold / $ 1770 per ounce

The price of gold in today’s trading remained near the lowest level of the last 2 weeks, as investors waited for the decisions of the US Federal Reserve on the speed of reduction of expansionary policies and economic stimuli in this country during the period. coronavirus are.

Gold traded down 71 cents at $ 1,770.14 an ounce in global markets.

The Federal Reserve is expected to announce today at its meeting the acceleration of the end of bond buying during the epidemic and signal a turnaround towards rising interest rates.

Lower interest rates and economic stimulus increase the profitability of government bonds and increase the cost of holding interest-free gold.

The central banks of Europe, the United Kingdom and Japan are also scheduled to meet this week.

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