PT Equityworld-Gold prices rose in late trading on Thursday morning (03/11), even peaked at $ 1,309.10 per ounce for the first time since October 4 after the Federal Reserve announced to keep interest rates unchanged.
After two days of the November meeting, the Fed decided to keep interest rates unchanged, as has been widely expected. In September, the Fed hinted at an increase in December.
LLG spot gold price was up 0.7 percent at $ 1,297.41 per ounce.
While the price of US gold futures for December delivery closed up 1.6 percent at $ 1,308.20 per ounce.
Fears investor uncertainty presidential election will take place after the extension of the FBI investigation into email Parta Democratic candidate Hillary Clinton pressed European stock markets approached the four-month lows and make the US dollar to its lowest level since early October.
This pushed gold prices back above $ 1,305 per ounce.
Traders began to reconsider their bets on the victory of Democratic candidate Hillary Clinton amid signs Parta Republican candidate Donald Trump could close the gap after the announcement of the FBI’s investigation of new email on Friday.
Poll Reuters / Ipsos on Monday showed Clinton winning five percentage points above the Trump, but other polls show Clinton’s leadership slid more sharply. Real Clear Politics, which on average gives good results in the polls, shows it has dropped from 4.6 points on Friday to 2.5 points on Monday.
Ownership world’s largest gold-backed exchange-traded fund, SPDR Gold Shares New York, reported inflows of the first in more than a week on Tuesdays, from 2.7 tons. Last month funds reported net outflows of more than 5 tons.
Gold miner stocks rose more than 2 percent, on pace for a fourth day in a row they are posted gains for the first time since July.
Among other precious metals, silver rose 1 percent to $ 18.51 per ounce. At the beginning of the session, the metal reached a high of $ 18.55, the highest since October 4. Platinum fell 0.3 percent to $ 987.96 per ounce. Palladium fell 0.1 percent to $ 631.
Equity Analyst Research Center estimates that the price of gold at the next trade may rise after the US Federal Reserve kept interest rates unchanged and the uncertainty surrounding the presidential election is an increasing interest for the safe haven of gold. Prices are expected to move in the range of $ 1,299- $ 1.301 Resistance, whereas if the price drops will move in the range of $ 1,295- $ 1.293 Support.