Dovish FOMC minute lifted gold to a five-week high

at today
trading gold rose to the
highest level in the last five
weeks. K 11.22 MSK yellow metal with the delivery
in December worth 1 137,00 dollar, adding
0.81%. Investors interpreted the released
FOMC minutes yesterday, from
which it is clear that the growth rate
US Fed rates may be postponed.

September
monetary tightening start
is becoming less probable: the backlog
inflation and a general weakening of the world
the economy is simply too big
risks. Today, traders and evaluated more
the fact that the "minutes" left to the
a three-week delay, and since
again he collapsed and there was oil
devaluation of the RMB, all peretryahnuvshaya
Asian markets.

traders
Gold hopes to increase the probability
growth rate in December, and it gives prices
the yellow metal support in the short
term.

gold now
It is on track for the second
consecutive weekly increase. potential
delay in raising rates until December
It suggests a potential increase in purchases
non-interest assets - such as
precious metals. elementary
resistance, which experts see
market is at $ 1
150. This was the price the last time it was possible to
observed in May. The move to this level
It can be seen in the short term,
Now technically bullish for the gold formed conditions.

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