Sunday, January 29, 2012

Gold falls ahead of Fed decision


Gold eased on Wednesday ahead of a meeting as a result of the Federal Reserve (Fed), which may determine the features of the monetary policy of the United States in the near term while the dollar rose.And ends the meeting of Central American, who two days later on Wednesday, where he is expected widely to reiterate his commitment to the bank to keep U.S. interest rates low, but without announcing any forecasts on the third round of quantitative easing.Adversely affected by the gold and to some extent the success of the Greek government in a vote of confidence in parliament on Tuesday, the first step of three steps must be taken to ensure access to emergency loans from the European Union and International Monetary Fund.It fell in the spot market 0.1 percent to 1544.29 dollars per ounce by 1145 GMT, after rising to 1547.90 dollars on Tuesday to its highest level since the ninth of June under a significant resistance level at $ 1,550.The gold was the highest on record at about 1575 dollars per ounce in early May.And rose gold price in pounds sterling to a record after it showed the records of a meeting of the Bank of England that some policy makers argued that it increase the quantitative easing to support the British economy, which suffers from the trouble

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