Gold climbs as Fed cuts rates, Powell signals cautious outlook
Gold (XAU/USD) registered gains of nearly 0.50% on Wednesday as the Federal Reserve cut rates by 25 basis points as expected, split with a 9 to 3 split vote, followed by the Chair Jerome Powell press conference, in which he struck a neutral stance.
Gold (XAU/USD) registered gains of nearly 0.50% on Wednesday as the Federal Reserve cut rates by 25 basis points as expected, split with a 9 to 3 split vote, followed by the Chair Jerome Powell press conference, in which he struck a neutral stance.
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