Gold is going up again against the background of Fed

In the course of trading on the New York Stock Exchange Comex, February futures rose 0.36% to $ 1,313.6 per ounce on January 30. The contract grows in price for the fourth session in a row.
The January meeting of the Federal Reserve will end on Wednesday. But what is important is that almost none of the market participants have any doubt that the base interest rate will be left at 2.25-2.5%.
A press release will be available to the public at 20:00 London time, and half an hour later chairman Jerome Powell will start the press conference. It should be noted that he plans to hold briefings every time after each meeting from the current year, but without a new economic forecast.
At the same time, the head of the Central Bank, Jerome Powel may signal in his speech that the Federal Reserve is ready to reduce the speed of rate increase.
The current forecast from the Fed leadership provides two increases in 2019, while the market does not expect a rate change until the end of the year.
Some analysts and experts expect that gold will go up to the $1400 per ounce. Suki Cooper, Precious Metals Research at Standard Chartered Bank, said to CNBC: “We expect a pullback in the coming months. We think the price is more likely to make a sustained move higher in [the second half of the year]. We do see prices at $1,300 but we might see a correction.”
“We think we could see an average [for fourth quarter] of $1,325. You could start see prices trading toward $1,400 by the end of the year,” added she.
GMOTrading reminds that we haven`t seen gold at $1400 per ounce in commodity markets since September 2013.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment

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