- Gold price climbs ahead of the release of the Fed's monetary policy meeting results
Market news
28 October 2015
Gold price climbs ahead of the release of the Fed's monetary policy meeting results
Gold price rose ahead of the release of the Fed's monetary policy meeting results. It is unlikely that the Fed will change its monetary policy. Market participants will closely monitor Fed's statement for signals when the Fed plans to start raising its interest rates.
The interest rate hike by the Fed would weigh on gold price.
December futures for gold on the COMEX today increased to 1183.10 dollars per ounce.
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