XAUUSD rises on news
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Update world gold prices:
XAUusd traded stable today with spot gold down 2.2 USD/ounce to 1,929.5 USD/ounce. Gold futures last traded at 1,967.1 USD/ounce, up 13.4 USD compared to yesterday morning.
True to market expectations, the US Federal Reserve (Fed) decided to keep interest rates unchanged in the range of 5.25% to 5.50% at the September monetary policy meeting. Gold prices have increased jumped to an intraday high of $1,968.90 an ounce shortly after the policy meeting statement including the latest revised economic summary or dot plot was released.
Technically, the main trend of XAU is still up which is said to be the main blue trend line in the H4 time frame. Therefore, the possibility of gold increasing is quite high.
XAUusd traded stable today with spot gold down 2.2 USD/ounce to 1,929.5 USD/ounce. Gold futures last traded at 1,967.1 USD/ounce, up 13.4 USD compared to yesterday morning.
True to market expectations, the US Federal Reserve (Fed) decided to keep interest rates unchanged in the range of 5.25% to 5.50% at the September monetary policy meeting. Gold prices have increased jumped to an intraday high of $1,968.90 an ounce shortly after the policy meeting statement including the latest revised economic summary or dot plot was released.
Technically, the main trend of XAU is still up which is said to be the main blue trend line in the H4 time frame. Therefore, the possibility of gold increasing is quite high.
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