How gold might react to today’s Federal Reserve statement
Personally I am expecting the Fed statement to be fairly neutral, with a quarter point cut in interest rates (in line with market expectations). If so, the gold price should stay within the yellow range.
The words about the future will be more important. If the statement is more hawkish or more dovish than expected, or if the interest rate change is different from expectations, then we could see a larger move in the gold price either way, as indicated in the chart.
The words about the future will be more important. If the statement is more hawkish or more dovish than expected, or if the interest rate change is different from expectations, then we could see a larger move in the gold price either way, as indicated in the chart.