If you’ve been waiting for a quiet moment to make your next gold investment, that time has arrived. But, it comes with a caveat; act fast because this is officially the calm before the storm. The reason for the lull? The Federal Reserve’s Open Market Committee (FOMC) meeting is now underway.
Kicking off on Tuesday and due to conclude later today (Wednesday), this meeting will determine what happens next with rate increases and monetary policy. Chairman Jerome Powell will face the media at a press conference this afternoon to outline whether another round of rate hikes will take place or whether they’ll remain unchanged for now.
With everyone waiting to see what will happen next, gold prices are remaining steady at around £1,559 ($1,930). This creates a small lull before the next round of frantic action, meaning now is a great moment to dive in. Don’t wait too long as the fast pace is sure to resume as soon as the Federal Reserve reveals its hand. Buy now.
