The precious metals market was quiet at the beginning of the trading week as it awaited the conclusion of the Federal Open Market Committee (FOMC) meeting, the policy-setting body of the Federal Reserve, scheduled for Wednesday afternoon.
Looking at the long term, analysts at Capital Economics recently forecasted that gold is likely to decrease to $1,800 per ounce by the end of this year as the US economy continues to grow, and inflationary pressures ease.
Looking at the long term, analysts at Capital Economics recently forecasted that gold is likely to decrease to $1,800 per ounce by the end of this year as the US economy continues to grow, and inflationary pressures ease.
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