17:22 - 17.11.2023
November 17, Fineko/abc.az. The price of gold has increased more than by 2%.
ABC.AZ reports that according to analysts, increase occurred after reports that aggressive campaign to raise interest rates conducted by the U.S. Federal Reserve (FRS) has come to an end.
Spot gold, which jumped more than by 2% this week, rose by 0.2% on the last working day of the week and sold for $1,985.
The data published on November 16 in the U.S. indicate further softening of the situation in the labor market. Nevertheless, comments by Fed officials that the fight against inflation will continue make it difficult for markets to find direction.
