Thu, 27 Jan 2022 13:24:51 GMT
Gold finds support on daily candle chart
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency.
By the middle of Thursday's trading, the price for gold had reached the 1,810.00 mark