Gold trading recorded a limited range Wednesday, January 27, as traders in the market awaited the US Federal Reserve’s decision on monetary policy and developments related to a stimulus package to mitigate the repercussions of the Coronavirus in the largest economy in the world.<\/p>\n\n\n\n
This fell in spot gold transactions 0.1% to 1849.16 dollars an ounce. And US gold futures fell 0.2% to $ 1847.50.<\/p>\n\n\n\n
The Fed is expected to maintain its policy stance when it announces its decision by 19:00 GMT. Investors will follow the comments of Jerome Powell, president of the bank, to gather indicators on the state of the economy.<\/p>\n\n\n\n
Attention is also focused on President Joe Biden’s $ 1.9 trillion stimulus plan, which was met with opposition from Republicans over its size.<\/p>\n\n\n\n
Gold has received some support from concerns about the high global infection with the Coronavirus, which has exceeded 100 million, at a time when countries are facing difficulties in light of the lack of vaccines.<\/p>\n\n\n\n
As for the other precious metals, silver fell 0.1% to $ 25.41 an ounce, platinum fell 0.7% to $ 1091.08, and palladium fell 0.1% to $ 2322.66.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold trading recorded a limited range Wednesday, January 27, as traders in the market awaited the US Federal Reserve’s decision on monetary policy and developments related to a stimulus package to mitigate the repercussions of the Coronavirus in the largest economy in the world. This fell in spot gold transactions 0.1% to 1849.16 dollars an …<\/p>\n","protected":false},"author":9,"featured_media":32825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6874],"class_list":["post-40593","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40593"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40593\/revisions"}],"predecessor-version":[{"id":40594,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40593\/revisions\/40594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32825"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}