फेड पूर्वानुमान: अमेरिकी केंद्रीय बैंक को एक और 75 आधार अंक वृद्धि पर सहमत

Gold Holds Drop After Fed Minutes Signal Slower Rate-Hike Pace

फेड पूर्वानुमान: मई के बाद से सबसे बड़ा साप्ताहिक लाभ पोस्ट करने के बाद सोना स्थिर रहा क्योंकि निवेशकों ने सख्त अमेरिकी मौद्रिक नीति और आर्थिक मंदी पर चिंताओं की संभावनाओं को तौला।

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फेड पूर्वानुमान: अमेरिकी केंद्रीय बैंक को एक और 75 आधार अंक वृद्धि पर सहमत via @goldsilverrepor

Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed

Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.

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Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed via @goldsilverrepor

The Fed is getting ready to raise interest rates

The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update Wednesday. But it kept rates near zero for now. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Fed statement read. The centralbank slashed rates to near zero in March 2020 when the pandemic took the US economy into a choke hold.

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The Fed is getting ready to raise interest rates via @goldsilverrepor