Gold prices fell during the Asian period Wednesday for a second consecutive day with the start of November trading, with investors awaiting a monetary policy decision from the Federal Reserve (US Central Bank) later today, with geopolitical tensions also in the East that could lift the precious metal once again considered a safe haven.
The main factor currently in the market is the conflict in the Middle East and the possibility of escalation as other parties join the war.
The war had pushed prices above $ 2000 before reversing again.
It is now trying to rise again near 1990 levels just before the Fed's decision is suspended today which we expect will push the yellow metal back, even temporarily, because of the hardened yoke expected from Fed Governor Jerome Powell.
