Gold is in demand
Gold prices on Wednesday Consolidate about $ 1846 per Troy ounce, which is very good. Gold is in demand as an asset of a “quiet harbor” at the moments of market oscillations. It is now that global investors require protective assets to protect themselves from moods on sites. The American stock is vigorously sells, and the S & P500 index marked on semi-annual minima. It is logical that the markets turned to gold.
Additional gold support got when the International Monetary Fund announced About lowering forecasts for US economies and China for the current year.
Today, the US Fed meeting is completed today, and if it is announced about the upcoming large-scale increase in interest rates, the position of gold can worse. But wait for the facts. The technical picture allows you to count on the test of $ 1835, where the road to $ 1885 opens.