Gold Trims Losses After Fed Decision
Gold trimmed earlier losses after the Federal Reserve kept its benchmark interest rate unchanged, resisting growing political pressure to ease monetary policy.
The US central bank, meanwhile, kept interest rates in a range of 4.25%–4.5%, citing ongoing economic uncertainty and increased market volatility.
In its post-meeting statement, the Fed highlighted rising risks to inflation and unemployment, reinforcing its cautious stance on future rate adjustments.
As of press time, Gold was trading at $3,371
RECOMMENDATION
- Buy if price moves to $3,370
- Sell if price moves to $3,380
Resistance Level 2: $3,393
Resistance Level 1: $3,381
Support Level 1: $3,365
Support Level 2: $3,355
Note: This article is only an analysis and not a definitive reference. Please take into account fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
