Metals rise in anticipation of macroeconomic statistics in the US

The price of gold is rising on Wednesday amid expectations of the publication of the minutes of the US Federal Reserve meeting and macroeconomic statistics.

The current gold quote is $1869 per ounce. Silver is trading near the level of $24.63, platinum – $1111 per ounce.

Investors are waiting for the publication of the minutes of the December meeting of the US Federal Reserve, scheduled for Wednesday evening. The markets are hoping to get hints about the future policy of the American regulator. According to analysts' forecasts, in February the Fed may raise the discount rate by another 0.25 percentage points, to 4.5-4.75% per annum.

In addition, data on the index of business activity in the US industry will be published today. Experts believe that the indicator in December decreased to 48.5% from 49% in November.

At the end of the week, you should pay attention to the statistics on the labor market in the United States. Analysts predict that the unemployment rate in December remained at the November level of 3.7%, and the number of people employed in non-agricultural sectors of the economy increased by 200 thousand after an increase of 263 thousand a month earlier. These data will also have an impact on the dynamics of the metals market.