Gold declined to the lowest level in 3 months ahead of the Fed meeting



Gold declined to the lowest level in 3 months ahead of the Fed meeting

Mar 16 2015



The Gold remains trading near the lowest level in 3 months at the beginning of Monday trading session. The prices were affected by the recover of the U.S Dollar, ahead of the Federal Reserve meting due on Wednesday Mar 18. And it is considered as the main event for this week, as the investors are looking for further clues about when the bank will hike its interest rates.
Spot gold slipped toward $1155 per ounce , and during the last week , the yellow metal hit its lowest since December  at $1147.10 per ounce  after strong U.S. jobs data has increased  speculations that the Fed would increase rates by the mid of this year means in June.
To know more about our analysis and currencies reaction, join our Forum Trader for FREE!! http://forum-trader.com/en/
For more info, please visit our website on: http://www.capitol-academy.com/en/news_fx.html

MBCFX Forex & CFDs Brokerage Firm