Gold continues to rise
Gold rises in price this morning. At 10:09 on the Comex exchange, its cost rose 0.16% to $ 1,860.90. Yesterday, Tuesday, it completed trading at the highest mark for the week. Players' attention is focused on announcing the results of the meeting Fed to be held later. Most expect the agency will leave the interest rate unchanged, as well as announce new forecasts of the development of the American economy. The value of the percentage rates have an impact on gold as it affects the rate dollar; its reduction allows investors using foreign currency, to acquire more precious metal. Now dollar falls in anticipation of the Fed's decision. Gold was in high demand this year as against the backdrop of the coronavirus pandemic, players more often resorted to it as a safe asset. Since the beginning of the year, its cost has increased by 20%. The problem with the virus during the holiday period can lead to additional tightening of quarantine measures, as a result of which many enterprises may cease their activities, believes OANDA Senior Analyst Edward Moya.