Gold increased sharply after the Fed's decision to keep interest rates unchanged.
Gold attracted strong buying pressure when the Fed kept interest rates unchanged and Chairman Powell expressed a "dovish" stance.
In the March 20 session, after increasing by more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed continued to keep interest rates unchanged at 5.5% and in the press conference, Chairman Powell emphasized that interest rates should not be delayed for too long. After the meeting, the precious metal jumped to $2,174 and continued its momentum to $2,222 before correcting back down.
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is down slightly to $2,202.