Spot gold bulls claim victory as it reaches its upside target. A neutral view is now maintained
crystalballfinance.substack.com
The price of precious yellow metals surged, surpassing the $2,184-88 target and breaking above the $2,200 threshold. This uptrend was supported by a weaker U.S. Dollar (U.S. DXY), the U.S. FOMC rate decision, and Powell's dovish comments. At the conclusion of Wednesday's Fed meeting, the central bank, as widely expected, kept benchmark interest rates unchanged at 5.25% to 5.50%.
Spot gold bulls claim victory as it reaches its upside target. A neutral view is now maintained
Spot gold bulls claim victory as it reaches…
Spot gold bulls claim victory as it reaches its upside target. A neutral view is now maintained
The price of precious yellow metals surged, surpassing the $2,184-88 target and breaking above the $2,200 threshold. This uptrend was supported by a weaker U.S. Dollar (U.S. DXY), the U.S. FOMC rate decision, and Powell's dovish comments. At the conclusion of Wednesday's Fed meeting, the central bank, as widely expected, kept benchmark interest rates unchanged at 5.25% to 5.50%.