GOLD - USD - Gold rush: final round - 10/28/2014 (GMT)

Markets are frozen in the situation of uncertainty: minutes of Federal Open Market Committee are expected to be announced today, which will define the near future of the monetary policy. The Fed is assumed to be ready to complete the QE program: the economy recovery is being maintained, the labor market is quite stable. However, it is possible that the measures may be temporarily put off, due to highly volatile financial markets. If the basic expectations would still be justified, we should expect the immediate US currency strengthening and the fallen prices on precious metals futures. The latter is more likely to happen also due to the recovery continuation in the US stock market, and investors tend to give up on defensive assets in favor of risky investment.

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