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Gold continues to rise after the earlier upward reversal from the support zone lying at the intersection of the key support level 2290.00 (which has been reversing the price from the start of April), lower daily Bollinger Band, upper trendline of the recently broken daily up channel from October (acting as the support after it was broken earlier). The ...
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The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next move in the fed funds rate will still be a cut, with the Committee continuing to seek confidence on inflation returning towards 2%, before beginning to normalise policy. As widely ...