On Wednesday (July 29), gold staged a reversal that caught many investors by surprise. Before the Federal Reserve announced it would keep interest rates unchanged, gold prices came under pressure and weakened, even falling below the $4,000 mark during the session. However, once the Federal Reserve confirmed that it would keep the target range for the federal funds rate unchanged at 3.50% to 3.75%, spot gold surged rapidly, briefly reaching $4,116 per ounce—its highest level since July 23. By the close of trading that day, spot gold had risen 0.94% to settle at $4,066.13 per ounce. During early Asian trading on Thursday (July 30), gold prices continued their upward trend, briefly touching the $4,100 mark, with a gain of approximately 0.84%. What makes this trend particularly noteworthy is i
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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