Gold falls amid anticipation of the results of the meeting of the Federal Reserve

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Gold falls amid anticipation of the results of the meeting of the Federal Reserve

 

 

1/5/2013 | (Voice of Iraq) - Add Comment - SINGAPORE (Reuters)

Gold fell on Wednesday due to lack of actual purchases Yet investors awaited the decision of the Federal Reserve (Fed) on whether it will continue its program to stimulate the economy, which could enhance the attractiveness the precious metal as a hedge against inflation. Commission will conclude monetary policy at the Federal Reserve meeting on Wednesday, a statement may reflect weak economic data released in recent times. And investors awaited also data non-farm payrolls, which issued on Friday and that may determine the prospects for monetary stimulus in the long run. was the fear of rising inflation due to printing central banks more money to buy assets major factor in the rise in gold prices, which recorded their highest levels in 11 months in October last October after he announced the Fed a third round of economic stimulus. dropped the price of gold on the spot market 1.89 dollars to 1474.71 dollars an ounce by the time 0602 GMT, as the market is confused between hopes to keep the Federal Reserve on its current policy and the liquidation of investors for some centers in index funds. rose contracts U.S. futures Gold June delivery $ 2.10 to 1474.20 dollars an ounce. fell silver 0.3 percent to 24.21 dollars an ounce, platinum 0.1 percent to 1502.49 dollars. stabilized palladium unchanged at 695.28 dollars an ounce. (preparation Abdel Moneim structure Arab Bulletin - Edit Nadia الجويلي)