The instability is the most prominent support for the gold prices performance in recent times. Since the beginning of this week's trading, the price of gold has moved between the $1456 support and the $1479 resistance, and is stable around 1474 dollars at the time of writing. The yellow metal was largely unaffected by the release of the US Federal Reserve last meeting’s content. At this meeting The Federal Reserve voted 8-2 to cut interest rates by a quarter of a point. This was the third consecutive meeting to cut the rate to bring the interest rate between 1.5% -1.75%. As expected, there was widespread support ... (full story)