Powell speech: Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the US economy is very strong and the Fed thus expects to reduce the size of its balance sheet.
Breaking: Fed lifts Fed funds target rate by 25bps to 0.25-0.50% as expected, signals more hikes to come
The US Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) had voted to lift the Federal Funds Rate (FFR) target range to 0.25-0.50% from 0.00-0.25%, as expected. In the Fed’s updated statement on monetary policy, it signaled that further rate hikes would be appropriate, as expected.
Gold will Remain Stable Between $1935 —$1874 Amid FOMC Meeting
Gold Forecast for Today: Spot Gold will remain stable between $1935—$1874. We expect prices to remain volatile amid the FOMC meeting today and after the rate hike, gold is expected to trade lower initially and bounce back. 50700 is an immediate support for intraday while resistance lies at 52300.
Gold Near Record Deters Some Indian Buyers From Jewelry Shopping
Gold’s rapid rise to near record ($2,068) levels is unnerving some buyers in India, who are holding off on purchases, and worrying jewelers in the country’s vibrant bazaars.
MCX Crude Oil Tips : Crude Sell Call All Target Achived, Profit 271 Point
MCX Crude Oil Tips : Crude Sell Call All Target Achived, Total 271 Points Book, Profit Rs. 27,100 Per Lot.
Gold Price Forecast: Sell Gold as Long as Gold is Below $2,000
Gold Price Forecast: Gold price is looking to extend Friday’s downbeat momentum, starting off a big week on the wrong footing. The strength in the US dollar alongside the Treasury yields on expectations that the US Fed will hike the key rates by 25 basis points this week weigh negatively on the non-interest-bearing gold.
Gold Price Support at Rs 50900, Silver Remains Strong – Neal Bhai
![Gold Silver Tips Today [23-01-2025]](https://www.goldsilverreports.com/wp-content/uploads/2022/02/mcx-gold-silver-15022022.webp)
Commodity prices traded mixed with bullion prices continued to soar on geopolitical risk and inflation worries while crude oil prices declined on eased supply worries.