Gold rises on a weaker U.S. dollar

Market news

26 January 2016

Gold rises on a weaker U.S. dollar

Gold price rise on a weaker U.S. dollar. Market participants are awaiting the release of the Fed's interest rate decision on Wednesday. Analysts expects the Fed to keep its interest rate unchanged after the interest rate hike in December.

Concerns over the slowdown in the global economy also supported gold.

February futures for gold on the COMEX today increased to 1117.10 dollars per ounce.

Wall Street. Major U.S. stock-indexes rose

The World Bank cuts its oil forecasts for 2016

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