Gold prices rise slightly

Gold prices rose slightly on January 17 morning, Report informs.

The price of February futures for gold on the New York Comex exchange increased by 0.18%, or by $3.25, to $1,819.8 per troy ounce.

Investors’ attention is focused on the further actions of the Fed, which is likely to raise the discount rate already at the next meeting.

The Wall Street Journal reports that recent comments by Fed Chairman Jerome Powell, which signaled a very measured course of action in the fight against inflation, imply that the rate can rise only slightly, which means that the precious metal has room for a rise in price.