Gold prices rose by 1.7% to $1,839.55 an ounce, following the board’s decision US Federal Reserve, According to a breaking news broadcast by Sky News a while ago.
Earlier, the US Federal Reserve Chairman said, that inflation is very high and we are determined to stabilize prices, continuing: We made this decision to raise interest rates because we raise interest rates quickly above normal levels during the 7 months since we decided to switch to these trends because financial conditions are subject For more restrictions.
The US Federal Reserve Chairman added, during a press conference: The committee raises the interest level, and I think we are giving the idea regarding the speed of taking these decisions, and I said that the next meeting will be regarding 50 to 75 out of ten interest rate increases.
And the US Federal Reserve Chairman continued: We raise interest rates quickly in an attempt to control inflation, and we continue to evaluate financial policies in light of developments in the international situation.
