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Gold investors focus on Fed's decision

22.09.2021,12:20


September 22, Fineko/abc.az. Gold investors are focused on the meeting of the U.S. Central Bank's Open Market Committee.

ABC.AZ reports that at the same time, concern about the risk of bankruptcy of Chinese company Evergrande continues to dominate on the markets.

Investors are focused on Fed’s upcoming meeting today and will follow the messages that may be made in connection with the reduction of Fed's purchases of securities (bonds).

According to forecasts, the Fed will begin to reduce bond purchases in November or December of this year, which is one of the components of the cheap money policy.

The pressure for interest rates to start rising in 2022 has intensified.