Gold prices fluctuate following Fed's interest rate decision.

1 min read
Source: Kitco NEWS
TL;DR Summary

Gold and silver prices have dropped sharply in early U.S. trading after the Federal Reserve's "hawkish pause" on its rate-hike cycle, which pushed the U.S. dollar index and U.S. Treasury yields higher. The bears have re-established a price downtrend on the daily bar chart, with gold scoring a three-month low. The silver bulls have the slight overall near-term technical advantage but are fading. The U.S. dollar index is higher, while Nymex crude oil prices are firmer and trading around $69.00 a barrel.

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