The pre-FOMC dip in gold has already been bought ...Middle East

It's understandable that there would be some profit-taking in gold ahead of the FOMC given the big run-up since the start of the month but it didn't last. Gold has trimmed a $38 decline to just $12 a few hours before the Fed decision.

In addition, the ongoing breakdown in the global 21st century order is continuing. The Ukraine war is dividing the world into east and west while the US trade war is undoing globalization. That exposes a multitude of fresh risks and all of them are gold-positive.

This article was written by Adam Button at investinglive.com.

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