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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gold is getting more expensive as a protective asset

September, 20 2021
watermark Economic news

The price of gold is rising on Monday evening against the background of sales on world markets and investors' departure from risk to safe-haven assets. The current price of gold is $1,765 per ounce.


Today, there is a sell – off on the world stock and commodity markets: the Asia-Pacific markets fell by 2%, European stock indices are declining by 2%, American ones-by 1.5%. At the same time, oil is getting cheaper by 1%.


Moreover, the rejection of risk and the subsequent withdrawal of investors into protective assets also supported gold. Market participants do not want to take risks before the meeting of the US Federal Reserve System.


The Fed meeting will be held on Wednesday. The regulator will publish a decision on the rate, asset repurchase, and also provide macroeconomic forecasts. Investors hope to receive signals about the future monetary policy of the regulator and about when the Federal Reserve will begin to curtail measures to support the economy.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.