The Fed's Resolution, The Hawk, The Silver Bear And The Next City.

(FED) interest rate resolution declares that the federal funds rate will remain unchanged at the record low of 0-0.25%, as expected by the market, and the quantitative easing (QE) policy will be further reduced by $10 billion to $5 billion per month.

Loan backed securities (MBS) and $10 billion treasury bonds.

If the prospects remain unchanged, QE will be concluded at the next meeting.

At the same time, the officials' expectations for interest rates were earlier than before, and the Fed's hawkish officials who raised objections at the meeting had increased to two.

Before that, the US Department of Commerce released data on Wednesday, August.

(CPI) the monthly rate fell by 0.2%, the first time since April 2013, with a flat forecast and a 0.1% increase in the previous value, indicating that the current US inflation level has not yet reached the target level of the Federal Reserve's 2%.

Before, I have hint that investors have a significant change in gold prices.

In addition to the gradual increase in physical demand for gold and silver in India, China is expected to usher in a new round of rebound as the Federal Reserve's monetary policy stance gradually clears up and the bad news of the precious metal market is basically exhausted.

Therefore, the proponents concerned about the support of $1210 / ounce, spot silver concern 18.18-18.3 U.S. dollars / ounce near

In terms of supply and demand of gold and silver, data show that in August this year, India's gold imports increased significantly, up 176% over the same period last year, and the current account deficit (CAD) increased by 1.4%.

But HSBC also said: "the import restriction is still in place, and it has not changed in the expectation of the gold industry after modi took office.

We expect that India's demand for gold will improve in October 23rd.

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From a technical point of view, spot gold continued to continue downward trend yesterday did not change, and the recent expansion of the price range gradually hinted that the gap increased.

And the recent decline has accumulated a strong rebound pressure, and it is urgent to release. Investors are advised to focus on the support below $12101200 / ounce.

Spot silver, the price once again returned to the low pressure, the recent test is expected to continue to support.

If we can stand firm, 18.18-18.3 dollar / ounce is expected to start a new round of rebound, and investors should be concerned.