XAU surges after US inflation report
Updated
The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024.
The Fed neither lowered nor raised interest rates, so investors switched to less risky assets, including gold, so gold prices rose very high and profit-taking took place."
forecast is quite conservative”, that may not be forgiven
Better-than-expected consumer price index CPI inflation data is something that officials welcomed, as the data is coming and could be adjusted.
The Fed neither lowered nor raised interest rates, so investors switched to less risky assets, including gold, so gold prices rose very high and profit-taking took place."
forecast is quite conservative”, that may not be forgiven
Better-than-expected consumer price index CPI inflation data is something that officials welcomed, as the data is coming and could be adjusted.
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