Złoto / XAUUSD / Analiza

Tonight the Fed will meet for the last time this year. A dovish twist here and that could be the catalyst that gold needs to launch into a strong gain for 2021. The Fed is limited in what it can do as financial conditions are already loose with very low interest rates. However, the Fed has the following key options it can implement to create easier conditions:

Lengthen the maturities of the bonds
Expand total purchases from $120 billion a month
List the outcomes it wants to achieve before winding the program back