16:41 - 1.05.2023

---

May 1, Fineko/abc.az. Thanks to Fed's steps, precious metals and cryptocurrencies, which have been stagnating for some time, can re-enter a new upward trend.

ABC.AZ reports with reference to the foreign press that gold, silver and cryptocurrencies, which have started operating since the beginning of the year depending on the steps taken by the U.S. Federal Reserve System (FRS), are expected to enter in the coming days in a new uptrend.

The Fed is expected to raise the interest rate by 0.25% at this meeting of the Open Market Committee on May 1-2.

However, the markets focused on the statements of Fed chairman Jerome Powell, and not on the interest rate decision.