Fed Rate Cut Drama: The US Dollar (USD) ended another week with small declines. The Greenback has been caught in a mild consolidation phase for the better part of five weeks, stuck in a volatile rut near 98.00.
Federal Reserve rate hike timeline
Results of FOMC July meeting today. Analysts are telling how to trade? [2025]
Results of FOMC July meeting: Ahead of the FOMC July meeting outcome, Gold October futures contracts at MCX were trading higher by Rs 358 or 0.36% at Rs 99,477/10 grams after settling positively in the previous trading session. However, in the last one week, the prices of yellow metal have fallen by Rs 1,861, from their all-time high levels.
Federal Reserve is expected to leave the policy rate unchanged for the fourth consecutive meeting
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the June policy meeting on Wednesday.
Central banks intend to continue buying gold reserves
Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.