Federal Reserve News, 19 July 2023: Gold prices eased on Wednesday from a 1-1/2-month high touched in the previous session, dragged by a slightly stronger dollar, even as investors bet that recent U.S. economic readings make the case for a pause in the Federal Reserve’s rate-hike stance.
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फेड के नये पूर्वानुमान पर सोने की कीमतों में बढ़त
Fed’s new forecasts: आज मंगलवार को सोना 1,930 डॉलर प्रति औंस की ओर बढ़ गया, जिससे कुछ बढ़त हासिल हुई क्योंकि अमेरिकी फेडरल रिजर्व के अधिकारियों ने संकेत दिया कि वर्तमान मौद्रिक नीति को सख्त करने के चक्र का अंत करीब आ रहा है, यह संकेत देने के बावजूद कि वे मुद्रास्फीति को कम करने के लिए ब्याज दरों (interest rates) में और वृद्धि कर सकते हैं।
What is the Expected Fed Rate Hike in July?
Gold price is still on the front side of the bearish trend as per the daily chart, but there are risks of an upside extension on a break of key resistance structures.
FOMC Minutes: Some officials Favored a 25bps Hike at the June Meeting
FOMC Minutes: The Federal Open Market Committee (FOMC) released the minutes of its June meeting, triggering a limited reaction across financial markets. According to the document, some officials favored a rate hike at the meeting, but went along with a pause. The minutes showed a division among FOMC members.
Federal Reserve: The ‘Dots’ as Interest Rate Anchors
Federal Reserve: The interest rate projections (‘dots’) of the FOMC members represent a reference point that can help investors and economic agents in general in forming their own interest rate expectations This can be particularly welcome when the monetary environment is changing swiftly like has been the case over the past two years.
Gold Steadies as Fed Outlook Mulled
Gold steadied around $1,920 an ounce on Monday as investors continued to assess the path for US Federal Reserve monetary policy.
Fed Policy Result: अमेरिकी फेडरल रिजर्व ने ब्याज दरों में कोई बदलाव नहीं किया, लेकिन आगे दरें बढ़ाने के दिए संकेत
Fed Policy Result: FOMC की जून पॉलिसी में उम्मीद के मुताबिक ब्याज दरों (interest rate) में कोई बदलाव नहीं हुआ है. दरें फिलहाल 5%-5.25% की रेंज पर कायम रहेंगी.