Gold Held Its Ground Despite The Exceptionally Hawkish FOMC

This article was originally published on ValueWalk


Last week, the Fed provided the steepest rate hike in three decades. Although it was an extremely hawkish move, gold prices… increased! It was the historic FOMC meeting! Despite Powell’s earlier rejection of such a scenario, the US central bank raised the federal funds rate by 75 basis points last week to 1.5-1.75%: The Committee […]