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After the Fed announced they will keep the expectation of three interest rate cuts in 2024 two hours ago, gold was muted, then it shot up, flirting with record highs over $2180 an ounce.
https://t.co/8FHhlGaDwT
DG spot gold jumps $10 an ounce on the softened tone from the Fed "The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time."
#PreciousMetals- Gold jumps up sparked by March's CPI. Consumer prices tipped above expectations at 8.5%, year-on-year - a 40-year high. Current DG Spot: #Gold at $1,973.50, #Silver at $25.51, #Platinum at $989.70, #Palladium at $2,439.00
#PreciousMetals- Gold up this morning on inflation and Ukraine concerns despite dollar hovering near two year high. Current DG Spot: #Gold at $1,9346.70, #Silver at $24.64, #Platinum at $967.20, #Palladium at $2,245.00