In anticipation of expected comments before the release of results of the Fed on basis of meeting, the gold price ruched up. Yesterday, gold led trading at $1 166.55 per troy ounce compared to today's $1 171.50 in the morning. Futures for December rate rose by $5.80 to $1 171.60 per ounce. Investors' sentiments are quite pessimistic about the potential increase in interest rates today, but there is a possibility that the chief regulator of the United States will raise rates at the upcoming meeting in December this year. This will be a strike to gold, which does not bring interest income.
Robin Bhar, an analyst at Societe Generale, believes that if the Fed refuses to raise interest rates in December, gold prices will have a short-term respite. "If the increase in interest rates the Fed will transfer at the beginning of spring 2016, we can expect new "Buys". Now, however, the likelihood of increase in December is quite high", - Mr Bhar continues his thought. Yesterday's US data released disappointing. Volumes of orders for durable goods excluding aircraft and defense orders in September fell to a level of -0.4% m/m vs. -0.9% in August. The indicator of consumer confidence fell from 102.6 points to 97.6 against the forecast of 102.5. HSBC in its report mentions that weak data from the US conversely reinforce expectations of Fed rate increases next year.
Silver led trading at $15.98 per ounce against yesterday's closing session level of $15.84. Platinum was trading at $993 compared to $983, palladium - $ 677.35 against the background of yesterday's $674.50.