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Gold Price Forecast: All Eyes on Fed Rate Decision, Forward Guidance
The recent pullback in the price of gold appears to have sputtered ahead of the Federal Reserve interest rate decision, and fresh updates from Chairman Jerome Powell and Co. may push market participates to hedge against fiat currencies as the central bank is expected to implement another 25bp rate cut. Gold tracks the range-bound price action from the previous week as the Federal Open Market Committee (FOMC) appears to be on track to reverse the four rate hikes from 2018, and it remains to be seen if Fed officials will implement a material adjustment to the Summary of Economic Projections (SEP) as President Donald ... (full story)
