Category: Fed

Commodities, Fed, Forex, fx, Gold, Powell

Gold Intraday: Back in Consolidation Range as Fed Reaffirms Commitment

Yesterday, spot gold posted the largest daily gains since May 7 as Fed reaffirmed commitment to low interest rates and QE… Spot gold jumped 1.2% on day to $1,735 yesterday, the largest daily gains since May 7. The U.S. Federal Reserve officials’ median forecast showed that Fed Funds Rate is expected to remain at current level through […]