Monday , April 19 2021

Gold falls to a settlement before announcing the decision of the US Central Bank



Gold prices fell at Thursday's trading session as the US dollar surged and a monetary policy decision was expected.

The Fed is due to announce its decision on monetary policy later in the day with expectations from 2% to 2.25% of the interest rate.

However, it is expected that the US Federal Reserve will raise interest rates for the fourth time this year and will continue its gradual path next year.

At the economic level, US unemployment claims last week are in line with forecasts by analysts.

At the settlement, gold futures for December fell by 0.3% to $ 1,225.10 per ounce.

By 1840 GMT, the spot price of yellow metal fell by 0.2% to $ 1,224.41 per ounce.

During the same period, the main dollar index, which measures the currency's performance in 6 main currencies, increased by 0.4% to 96,394.


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