The cost of gold rose in Tuesday's trading - at the time of writing it added 0.15% on the Comex exchange, reaching $1965.95 per troy ounce. Tonight the results of the ongoing Fed meeting will be known - investors remain cautious due to the possible continuation of the key rate increase.

According to analysts, the Fed today will decide to raise it by 25 basis points. Earlier in July, the president of the FRB Dallas Laurie Logan said that the regulator needs to continue the increase, as inflation in the first half of the year was higher than expected; her words are reported by the agency "Interfax".

Market participants' attention this week is also focused on the United States GDP data for the second quarter, which is expected to be published on Thursday. Analysts predict a slowdown in its growth by 0.2 percentage points compared to the first quarter - to 1.8%. According to an analyst from FXTM Lukman Otunugu, depending on these statistics and the regulator's decision on the rate is possible jump in gold prices. The expert's assessment is cited by the agency "Prime" with reference to MarketWatch.