Gold prices have risen back above $2000

Gold returned to the $2000 per troy ounce mark, rising by 1.01% to $2000.20 on Tuesday, according to Comex exchange data. In the course of trading, quotations reached the maximum for three weeks - $2007.67. The main driver of growth was the expectation of the imminent completion of the cycle of interest rate increases - in the minutes of the meeting of the Federal Reserve, players saw a cautious attitude of the central bank members to its further increase, according to profinance.ru.

As stated in the document, the Fed members are ready to support a rate hike only if the rate of decline in inflation in the United States is insufficient. According to independent trader from New York Tai Wong, such a tone makes it clear that buyers of gold should not yet put too much hope for the continuation of the rally. However, senior market strategist at RJO Futures Bob Haberkorn believes that in the short term the Fed will not raise rates, and this is a favorable factor for the precious metal. Profinance.ru quotes the opinions of experts.