On Wednesday Gold price went up and scored its highest level since last year. Gold backed due to the skepticism over US - China trade relationships but also the expectations that the FED will pause rates later in the day. The U.S. gold futures surged 0.3% to $1,312.29 per ounce while Spot gold gained about 0.2% at $1,313.90 per ounce following its highest level since 2018. Traders now are anticipating the Federal Reserve's policy decision. They expect that officials will strengthen their current dovish stance by giving more positive signs for a pause on the slowdown in the U.S. economy.
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Daily Analysis - 30/01/2019