Lates News

On Wednesday, the price of gold rose slightly in low market liquidity conditions, rebounding from the one-week low touched in the previous trading day. At the same time, the market is waiting for the release of the minutes from the Federal Reserve's January meeting to obtain clues about the interest rate outlook. Some analysts have stated, "Gold price found support above $4850 today... This is a technical rebound." Prior to this, due to the easing of geopolitical tensions, the price of gold declined in the previous trading day. He added, "Investors are focusing on the minutes from the Federal Reserve's January meeting." Investors will also carefully study the US December PCE report, which will be released on Friday, to gather more clues about the direction of interest rates this year.