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    Legendry Member milos's Avatar

    Reaction of gold on FOMC statement !!!



    Investors are expected to carefully report on the federal budget and meeting notes that the Fed will announce. Investors are investing in riskier instruments. It is expected signals of a possible termination of quantitative easing. It means the growth of the gold price. Merrill Lynch today released a study in which the price of gold should find support between USD 1.525-1.550 USD per ounce and then jump to U.S. $ 1.625-1.630 USD. According to this study, the price would then be able to reach and USD1.800 per ounce.
    Last edited by milos; 04-10-2013 at 02:20 PM.

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