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Gold Technical Analysis

The Federal Reserve surprised the market by maintaining interest rates at 5.00-5.25% but raising the projected terminal rate in the Dot Plot by 50 basis points. The Fed's reasoning to pause at this meeting was to gather more economic data before considering another potential rate hike in July. This cautious approach is supported by the weaker details in the latest NFP report and the continuing disinflation in the latest CPI report, although the core readings remain persistently high.During the p... Read More

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Posted: Jun 15 2023, 10:05

Author Name: forexlive

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