Investors buy gold, waiting for meetings of the world central banks

This week, investors are waiting for meetings of the Fed and other major central banks around the world. The Fed's two-day meeting starts today, where it will discuss the size of the interest rate and further plans for the asset buyback program. The results will be known on Wednesday. The Fed will also publish its forecasts for the U.S. economy on that day. According to data on inflation in the United States, in November, it set a record, reaching a maximum in about 40 years. Consumer prices rose at an annualized rate of 6.8 percent during the period, higher only in 1982 (7.2 percent). In the light of these statistics, investors are concerned about what the Fed's future policy on economic stimulus will turn out to be. Meanwhile, gold prices continued to advance on Monday, rising 0.3 percent to $1,788.40 a troy ounce by late afternoon. This precious metal is traditionally seen as a safe asset under inflation risks.