By BUUMBA CHIMBULUGOLD price this week held a two-month high ahead of Federal announcement risen more than four percent since the end of November amid headwinds in equity markets.The prices retreated but still held near a two-month high, as investors awaited the outcome of a United States Federal Reserve meeting that may offer more clues on the outlook for monetary policy tightening.This is according to the Mining.Com which stated that spot gold declined 0.8 percent to US$1, 833.15/oz, its highest since mid-November. United States gold futures fell 1.0 percent, trading at US$1, 832.70/oz in New York.“Bullion has risen more than four percent since the end of November amid headwinds in equity markets as investors hone in on the possibility of an error by the Fed. “The risk of a Russian invasion of Ukraine and a cut in the International Monetary Fund’s world economic growth forecast for this year are also aiding the safe haven asset,” stated Mining.Com.Commenting […]
GOLD PRICE HOLDS 2-MONTH HIGH
