On Thursday, gold traded upward, playing the results of the FOMC meeting and other geopolitical and economic news.
On Wednesday, the main driver of movements in the market was the meeting of the FOMC, where the regulator has decided to reduce the interest rate by 0.25%. The decision was expected, so the main market reaction has been associated with the Fed's statement and comments Jerome Powell. The regulator said it will follow very closely the changes in economic forecasts, and respond to the adjustment of interest rates. Jerome Powell noted that the rate cut carried out as preventive measures to reduce the negative impact of external factors on the economy. Powell said that further rate reductions must be a very significant change in outlook for the economy. The market took these statements as a signal that the Fed has no plans to soon cut interest rates.