Before the release of a two-day FRS meeting the gold prices were declining.
So the price of the precious metal lowered to its weekly ebb of 1,597.5 US dollars per troy ounce.
In the result, the expectations of the Operation Twist terms’ prolongation were confirmed. Amid weak macroeconomic data of the US economy the FRS had nothing but extend the programme of exchanging the T-notes until the end of 2012 and for the amount of $267 bln.
The Federal Reserve System has also revised its forecast of the further American growth.
Thus in 2012 the GDP will decelerate to 1.9-2.4% versus the previous predictions of 2.4-2.9%.
The key interest rate was left unchanged at 0.25%.