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Gold Surges as Fed Signals Rate-Hike Pause

1 min read
Source: Kitco NEWS
TL;DR Summary

Gold and silver prices rose after the Federal Reserve raised its main interest rate by a quarter-point but suggested rates will not continue to rise. A depreciating US dollar on the foreign exchange market is also working in favor of the metals market bulls. April gold was last up $47.70 at $1,996.90 and May silver was up $0.509 at $23.30.

Topics:business#federal-reserve#finance#gold#interest-rates#silver#us-dollar
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  1. Gold, silver rally amid less-hawkish Fed, weaker USDX  Kitco NEWS
  2. Gold Forecast: Markets Quiet Ahead of the FOMC  DailyForex.com
  3. Gold futures surge $32 higher after the Fed signals a pause in hikes is imminent  Kitco NEWS
  4. Gold prices could notch an all-time high soon — and stay there  CNBC
  5. Gold drifts higher as Fed hints at rate-hike pause  CNBC

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