Gold up slightly after FOMC drop
The half-point decision was made after considering inflation, economic data and risks. Along with the policy pivot, many economists noted that there will be more than one rate adjustment this year. Accordingly, the dot-plot chart shows the central bank expects rates to fall to 4.4% by the end of the year, down from the 5.1% estimate in June.
Note
SELL gold 2592
TP1; 2590
TP2: 2582
SL: 2600
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