Gold Forecast Dec. 14, 2011, Fundamental Analysis

, where traders will be eyeing the FOMC rate decision later on Tuesday, which weighed down on gold prices, knowing that the majority of analysts expect the FOMC to leave the current monetary policy unchanged, while on Wednesday, traders will be following the Import Price Index from the United States.

Traders will continue to monitor the developments from the 17-bloc euro nation and the European leader’ latest moves to contain the debt crisis, where we expect volatility to persist this week.

Accordingly, we should expect more fluctuations for gold, but should the current pessimism persist, we should expect gold prices to extend the rallies, however, the level of uncertainty is very high, and investors are ought to remain cautious.