Al-Marsad Newspaper – Agencies: Most gold investors expect the US Federal Reserve to raise interest rates by 50 basis points at its last meeting in 2022, scheduled for December 13-14.
Gold prices fell on Thursday with the dollar recovering slightly as market participants await further guidance from the Federal Reserve (the central bank of the United States) meeting next week regarding interest rate hikes.
Market participants are also awaiting the November CPI report due on December 13th.
“If the outcome (the Fed meeting) is in line with expectations, the market will be relieved that it is not worse than expected,” said Tasty Trade’s Ilya Spivak.
“The dollar may fall and that will push gold up a bit,” he added.
