investing in gold : Gold settled below $ 1,200, on Wednesday, after a volatile trading in the previous session as traders wait for results of the last meeting of the Federal Reserve (the US central bank) this year, which may reveal the date of raising interest rates in the United States.
Investors are watching the situation in Russia after the ruble plunged more than 11% against the dollar Tuesday despite the lifting of the Russian Central Bank interest rates by a large margin.
Gold changed little in the spot market and settled at $ 1196.60 per ounce (an ounce) by at 10:13 GMT after volatile trade Tuesday pushed the precious metal to the highest Mistoykhalal session above $ 1221 and then to the lowest level in a week to $ 1188.41 before ending the day did not witness slightly higher.
Investors are watching whether the Open Market Committee of the Federal raise the phrase "a long time" in the statement, which will be issued in time for the later regarding the timing of raising interest rates.
And stepped up US gold futures for February delivery 0.2% to $ 1196.90 an ounce.
And harmed the Russian financial crisis, stock markets fell 0.5% as shares of Europe Wednesday. The Russian ruble is still witnessing a choppy trade despite the fact that the Russian Ministry of Finance began to sell foreign currency. gold investing news