The price of gold stabilizes after falling the day before

On Wednesday morning, the price of gold is rising correctively after a decline a day earlier. The current quote of the precious metal is $1845 per ounce (yesterday's low was marked at $1839). 

One of the main events of the current week, which can have a further impact on the dynamics of the market, remains the policy of the US Federal Reserve System. The minutes of the February meeting of the regulator will be published this evening.

In the document, investors hope to find signals about the Fed's plans for the discount rate, including the timing of the possible end of a series of increases. About 76% of analysts expect an increase in the discount rate in March again by 25 basis points, to 4.75-5% per annum. 

On Thursday, important statistics are also expected – already on the GDP of the United States. Analysts predict the preservation of the original estimate, assuming growth of 2.9% in the last quarter in terms of the year (if GDP had grown at the same pace for four consecutive quarters).

As you know, the Fed's policy and macro statistics from the United States have a direct impact on the dollar exchange rate, to which gold is sensitive: the more expensive the dollar, the less precious metal is available for purchase in another currency.