Earlier this week, the gold price has updated a maximum since June 2018, pending a meeting of the US Federal Reserve with a decision on interest rate.
Apparently, investors are hiding from the risks in the precious metal. During today's trading, gold futures rose to $ 1,303.75, but then declined slightly and as of 17:25 Moscow time traded at $ 1,297.35.
Most analysts believe that, following a two-day meeting, the US Central Bank will keep interest rates unchanged. Earlier, representatives of the regulator stated that they were ready to raise the rates twice this year, but in subsequent statements, they were more restrained.
The focus of attention is also on trade negotiations between the United States and China, the parties intend to reach an agreement before the deadline of March 1.
The Chinese delegation on Wednesday, January 30, will arrive in Washington for the next round of trade negotiations. If the deal fails before March 1, US President Donald Trump intends to raise tariffs on imports of Chinese goods.
The material has been provided by InstaForex Company - www.instaforex.com