Gold FOMC update
Gold on 4h chart still ranging, yesterday it was a pump and dump in the market before FOMC, experts believe that interest rates might decrease eventually, although the timing remains uncertain. The key focus is on whether the Fed is seriously considering lowering rates and how they plan to handle their balance sheet. Currently, the economy appears strong, so the Fed may hold off on any changes until it cools down. Observers should pay attention to any shift in the Fed's stance on raising rates and if they sound more cautious. Even a slight hint could lead to an increase in gold prices. If the Fed remains neutral, gold prices might experience a temporary drop, but discussions about potential future rate cuts could benefit both the US dollar and gold..
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