Gold Prices Unexpectedly Increased For This Reason

Gold has a price increase when the market captures the upcoming monetary policy of the US Federal Reserve (Fed) .0: 00/1: 39 South Vietnam Transactions today (October 14), gold prices Touch $ 1,795 / ounce, equivalent to 49.5 million. Thus, gold prices have increased continuously in the past three days. According to experts, gold prices rise because investors have seen Fed's monetary policy clearly

. This originates from the recent meeting minutes of Fed. In the minutes of the meeting took place in September, the Fed evaluated the economic objectives that were nearly achieved according to expectations, which could start the vase policy It is often reduced to buy monthly assets. Still in the right direction, therefore, a gradual cut cutting process ended in the middle of 2022 may be suitable "- record record
Fed Jerome Powell president said, starting to reduce buying 120 billion USD monthly assets will launch in November 2021. The FED officials show the increasing support for interest rate hike in 2022. The version also announced the Fed Economic Expectations, Includes forecasts of GDP growth, inflation and unemployment. Fed members adjusted the estimated GDP in 2021 but increased the prospect of inflation and expected unemployment rates would be lower than before. Gold price is benefiting a lot from the published news this. In particular, the future gold contract delivered in December 2021 is growing the most positively, soared to 34 USD and is currently fixing the price of 1,790 USD.

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