#FOMCMeeting

While investors await more detailed information on trade negotiations between the US and China, as well as the results of the Federal Reserve's meeting, gold prices have risen by more than 1%.

There are also hopes regarding the outcomes of the Federal Reserve's meeting on policy - the relevant discussion will take place this week.

The US dollar is slowing down, which is positive for gold. More and more investors are betting that the Fed will lower rates relatively soon after last week's US GDP data came in lower than expected, and now, considering what is happening with oil

- explained Carlo Alberto De Casa, an external analyst at Swissquote.

The Fed is expected to hold rates steady at the May meeting for the third consecutive time, despite growing political pressure to lower them.

This concerns the target range for Fed funds at 4.25%-4.50%.