Gold changed direction after the Fed decision
Quick Look
Gold prices fell to $4,030 per ounce while the Fed's interest rate decision and messages were evaluated and US economic data was awaited.
AI-generated summary
Why It Matters
After the Fed's monetary policy meeting and interest rate decision, markets focused on economic data.
Gold prices declined as investors evaluated monetary policy messages following the interest rate decision of the US Federal Reserve (Fed) and waited for economic data from the US.
As the ounce of gold fell to the level of 4,030 dollars, all eyes in the markets turned to the PCE price index and growth data, which the Fed closely monitors among the inflation indicators.
Gold prices fell on Thursday as the messages given after the Fed's monetary policy meeting were evaluated. Spot gold fell by 0.9 percent to $4,030 per ounce as of 09.40.
Investors are following the Fed's interest rate decision, as well as President Kevin Warsh's statements and US economic data to be published during the day. Developments in the Middle East and their possible effects on inflation are also among the determining factors on the course of gold prices.
What to Watch
AI outlook — possibilities, not facts
PCE price index and growth data will be announced
Very likely · Within hours
Open Questions
- Will the PCE price index meet expectations?
- How will the developments in the Middle East affect the markets?
