The Fed said it expects ongoing interest rate increases to be appropriate, while the Fed's median forecast shows rates at 4.6% in 2023. Accordingly, Robert Haberkorn, chief market analyst at RJ O'Brien & Associates, said: “Some were expecting They might make a full point, and the fact that they held it as expected made gold catch bid here and make a rally.” And “the market was expecting a 0.75 rate hike, and there weren’t big surprises from what the market was pricing in.” Overall, the XAU/USD gold price is down 7.8% this year as the highest inflation rate in decades prompted central banks from Europe to the US to ... (full story)