Gold's price uptrend continues
In anticipation of the US Federal Reserve's interest rate decision, most liquid financial instruments are trading in narrow ranges that formed ahead of the event.
In anticipation of the US Federal Reserve's interest rate decision, most liquid financial instruments are trading in narrow ranges that formed ahead of the event. The expected pause in the regulator's monetary policy tightening is negatively affecting the US dollar's exchange rate. Due to the greenback's weakness, gold's price uptrend remains in place.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.