Gold (XAU/USD), Silver (XAG/USD) Technical Hurdles

Gold (XAU/USD), Silver (XAG/USD) Technical Hurdles: The US Fed meeting was the focus this week and the Fed certainly did not disappoint. An upgrade to the Fed projections saw the Central Bank send a hawkish message as it changed its forecast for rate cuts in 2024, 100bps priced in June down to 50bps at this week’s meeting. At the same time growth forecast were upgraded while the Fed also see the labor market remaining robust.

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