gold now bullish More today because of fomc
Gold comes under some selling pressure following the overnight pullback from a two-week top, around the $2,047-2,049 area, and remains depressed heading into the European session on Wednesday. Investors further scaled back their expectations for an early interest rate cut by the Federal Reserve (Fed) after the JOLTS report published on Tuesday pointed to the underlying strength in the US labor market. This helps revive the
Gold comes under some selling pressure following the overnight pullback from a two-week top, around the $2,047-2,049 area, and remains depressed heading into the European session on Wednesday. Investors further scaled back their expectations for an early interest rate cut by the Federal Reserve (Fed) after the JOLTS report published on Tuesday pointed to the underlying strength in the US labor market. This helps revive the