Gold increased sharply after POMC news

After rebounding greater than $10 to above $2,164, gold grew to become down once more and ended the day at $2,157. Earlier these days, the Fed persevered to maintain hobby prices unchanged at 5.5% and withinside the press conference, Chairman Powell emphasised that hobby prices must now no longer be not on time for too long. After the assembly, the treasured metallic jumped to $2,174 and persevered its momentum to $2,222 earlier than correcting returned down.

There may be no vital financial statistics from the United States these days and day after today till Thursday while the Fed`s hobby price assembly begins. Currently, gold is down barely to $2,202.

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