Prices of Precious Gold Increase Before Federal Reserve Announcement

Reuters reported that that the prices of gold went up in Europe on Wednesday ahead of Federal Reserve’s policy statement. It is also expected that the U.S. Central Bank will announce additional stimulus measures in its aim to help the country’s economic standing.

As quoted in the market news:

“Spot gold was up 0.2 percent at $1,713.12 an ounce at 1022 GMT, while U.S. gold futures for December delivery were up $5.10 an ounce at $1,714.70.”

Click here to read the full Reuters report.