Gold Prices on Alert From the FED! Critical Levels Have Been Identified.
4 Articles
4 Articles
The countdown has begun for gold ahead of tonight's critical Fed interest rate decision. While markets expect interest rates to remain unchanged, it is stated that the messages from Fed Chairman Warsh could be decisive.
Gold prices hovered around $4,050 on the morning of October 28th, following a recovery on October 27th. Markets are focused on the Fed decision to be announced at 9 PM today, while tomorrow's US growth and inflation data could also be decisive in determining price direction. The price of gold per gram is being monitored in relation to the dollar/TL exchange rate.
Global markets are focused on the FED interest rate decision to be announced this evening. As of 06:00 Turkish time, the price of gold per ounce was trading at $4,045, while the price of gold per gram started the day at 6,480 TL.
The countdown has begun for gold ahead of tonight's critical FED interest rate decision. In initial trading, as of 06:00 Turkish time, an ounce of gold was priced at $4,045 and a gram at 6,480 TL. While markets expect interest rates to remain unchanged, it is stated that the messages from FED Chairman Warsh could be decisive. Renowned strategist Ole Hansen warned, "$3,970 and $4,230 are key levels to watch for the next move in gold."
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
