Couldn't find what he expected from Golden Fed meeting
Gold prices fell, with interest rates remaining unchanged at the Fed meeting and optimistic statements about Jerome Powell's market outlook. Gram gold followed a horizontal course while silver fell with gold.
Gold prices fell as the Fed left the policy rate unchanged and the dollar strengthened.
The Fed said it will continue its $ 120 billion monthly asset purchase program until there is visible improvement in employment and inflation. Chairman Jerome Powell stated that it will take some time to change the purchase amount and that the central bank will not go to a reduction in the asset purchase program.
Powell emphasized that the broad vaccination opportunities provided an optimistic ground and expressed that many developments have created a much better picture for this year.
Gold has lost more than 3 percent value this month, the worst January since 2011
Silver was down on Wednesday, after only slightly rising on Tuesday. With investors focusing on a more optimistic outlook after the Fed's decision, silver is trading at $ 25.0993 an ounce, down 0.7 percent at 07:55 on Thursday.
Gold price per gram
After the gram gold started the week with a decline, it fell on Tuesday with the fall of the Dollar / TL exchange rate, and saw the lowest level after July 28. Gram gold followed a fluctuating course on Wednesday, then rose 0.1 percent on Thursday and is around 438.96 TL.
Ounce gold price
With the signals of a better-than-expected outlook at the Fed meeting and the strengthening dollar, gold is trading at around $ 1,837.31 an ounce, down 0.35 percent, maintaining its losses. Bloomberg Dollar Spot Index is up 0.2 percent.