FOMC Sees Two Rate Hikes For 2023 - Gold Didn’t Like It
June 18, 2021 at 13:47 PM EDT
What does the recent FOMC meeting imply for the gold market? Well, the Fed struck again. As a result, the price of gold plunged. Furthermore, the more hawkish stance of the Fed strengthened the US dollar, creating downward pressure on gold prices.
