Gold Price Continues to Rebound from 50-Day SMA Following FOMC

After the Federal Reserve released the minutes of its June meeting, the gold price continued to rebound from the 50-day SMA. The gold market is experiencing a major pullback as traders take advantage of a more aggressive policy to counter inflation and rising domestic demand.

In the minutes of the FOMC meeting, officials confirmed that it was likely to raise short term interest rates at their next meeting in September. The rate hike will occur at an average of only two points. The Federal Reserve’s move was prompted by a significant drop in U.S. economic growth since late last year.

In addition to the FOMC’s decision, the price of gold has also rebounded from a recent decline following a weak second quarter GDP report. In addition to the recent news, the number of ETFs that are listed on the New York Stock Exchange has also shown signs of support.

In the minutes of the FOMC meeting, officials confirmed that it is unlikely to raise short term interest rates at its next meeting in September. The decision was prompted by a significant drop in U.S. economic growth since late last year.

In addition to the FOMC’s decision, the price of gold has also rebounded from a recent decline following a weak second quarter GDP report. In addition to the recent news, the number of ETFs that are listed on the New York Stock Exchange has also shown signs of support.

In the minutes of the FOMC meeting, officials confirmed that it is unlikely to raise short term interest rates at its next meeting in September. The decision was prompted by a significant drop in U.S. economic growth since late last year. In addition to the recent news, the number of ETFs that are listed on the New York Stock Exchange has also shown signs of support.

In the minutes of the FOMC meeting, officials confirmed that it is unlikely to raise short term interest rates at its next meeting in September. The decision was prompted by a significant drop in U.S. economic growth since late last year.

In addition to the FOMC’s decision, the price of gold has also rebounded from a recent decline following a weak second quarter GDP report. In addition to the recent news, the number of ETFs that are listed on the New York Stock Exchange has also shown signs of support.