The price of gold rose slightly this morning due to expectations that the Fed will not sharply tighten monetary policy despite high inflation, according to trade data.
At 7.41 am, the price of February futures for gold on the New York Stock Exchange rose by 0.18 percent or 3.25 dollars to 1819.8 dollars per three ounces. March futures for silver rose 0.48 percent to $ 23,027 an ounce.
The attention of investors is focused on the further activities of the Fed, which is likely to increase the key interest rate at the next meeting.
According to TD Securities analysts, quoted by the Wall Street Journal, a recent statement by Fed Chairman Jerome Powell was a signal that interest rates could rise slightly. This means that the precious metal has the potential to become more expensive.