The gold futures price fell to $ 1,850 on the day. Affected by the appreciation of the dollar.
At 11.38 p.m. Thai time, the gold contract in the COMEX market (Commodity Exchange) is delivered in February. It fell $ 6.10, or 0.32 percent, to $ 1,850.10 / ounce.
A stronger dollar will reduce the attractiveness of gold. By making gold contracts more expensive for holders of other currencies
Investors keep an eye on US economic stimulus measures It is expected that President Joe. Biden may have to cut the limits on the stimulus to be approved by Congress.
Many members of Congress, including Republicans and Democrats, have criticized. And questioned the necessity of President Biden’s $ 1.9 trillion stimulus package.
The stance by US members of Congress could pressure President Biden to reduce the amount of stimulus measures to be approved by the House of Representatives and the US Senate.
The market also watched the Federal Reserve’s monetary policy meeting this week.
The Fed will hold its meeting on Jan. 26-27, with analysts expecting the Fed to continue to hold interest rates at 0.00-0.25%, while markets watch the Fed continue to buy bonds following quantitative easing (QE). ) In the amount of $ 1.2 billion / month? Amid the spread of the COVID-19 virus in the US
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