Gold shows weak dynamics in anticipation Fed meeting

Gold prices decline slightly ahead of the meeting US Federal Reserve. At 9:30 am, the cost of a troy ounce lost 0.22% and equaled $ 1701.10. Weak performance is due to the fact that investors remain cautious while awaiting the outcome of the two-day meeting regulator, which starts today. Most analysts believe that the Fed will make a decision keep the interest rate unchanged - according to CME data Group, their share exceeds 87%. About 12% of experts believe that rate k can be increased up to 0.5%. The restraining factor for the growth of gold is a more active the mood of players expecting an early economic recovery and making a choice in favor of risky assets. According to the chief CMC markets strategist Michael McCarthy, led by the agency Reuters, on the one hand, gold declines amid enthusiasm investors, however, on the other hand, the decline in the dollar rate is favorable factor supporting its value. More cheap dollar