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Fed Remains Hawkish as Gold Drops to $1930

Fed Remains Hawkish as Gold Drops to $1930

Market Insights

The Fed left its rate unchanged but hinted rates may go above 5.5% by year-end.

If inflation does not slow down to its targeted 2% range then more surprises could happen.

Gold Price dropped to a 3-month low as the greenback saw a mild shift to the upside.

Timestamps
XAUUSD 01:45
XAGUSD 02:50
DXY 03:30

The post Fed Remains Hawkish as Gold Drops to $1930 appeared first on Orbex Forex Trading Blog.

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