Gold is stable in the middle of the week

On Wednesday evening, the price of gold fluctuates slightly near $1,795 per ounce. Market participants monitor the general dynamics of trading, evaluate the financial reports of companies and expect the results of the meetings of the ECB and the US Federal Reserve.

Analysts note that a slight decline in precious metal quotations could be caused by an increase in appetite for risky assets against the background of the publication of strong financial reports of companies. Despite all the risks and the unstable economic situation in the world, many companies have demonstrated an increase in reporting indicators.

In addition, investors are waiting for the decisions of central banks on further monetary policy, which will inevitably affect the dollar and gold exchange rates. On Thursday, the European Central Bank will hold a meeting, and on November 3, the results of its meeting will be announced by the US Federal Reserve System. It is expected that regulators will begin to curtail support measures.

Of considerable interest are the data on US GDP, which will be published on Thursday. Analysts expect growth in the third quarter to slow to 2.7% year-on-year after an increase of 6.7% in the second quarter.