Gold prices fall after US Fed meeting

Gold prices fell on December 15 morning, to $1,820 per troy ounce, reported from the auction data.

Investors evaluate the results of the next meeting of the US Federal Reserve System (FRS).

The price of February futures for gold on the New York Comex exchange fell by $16.95, or 0.93%, to $1,801.75 per troy ounce. March silver futures fell 3.17% to $23.372 an ounce.

On December 14, the Fed announced the results of the December meeting. The regulator expectedly raised the base interest rate to the level of 4.25-4.5% per annum, also predicting the base rate at the level of at least 4.75-5% by the end of 2023.

The head of the regulator, Jerome Powell, said at a press conference that the Fed considers it expedient to keep the base interest rate at a high level until the decline in inflation turns out to be stable and sustainable.

Expectations for a high rate are favorable for the dollar and negative for gold, which in this case becomes less available when buying in another currency.





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