MARKET NEWS / GOLDEN RULE RADIO

Gold Rises, Dollar Dips, & Yield Falls As Fed Hikes Rates

MARKET NEWS / GOLDEN RULE RADIO
Golden Rule Radio • Jul 27 2023
Gold Rises, Dollar Dips, & Yield Falls As Fed Hikes Rates
MPM Posted on July 27, 2023

Gold price gained on Wednesday following the announcement of another rate hike from Chair Jerome Powell. The dollar fell as did bond yields, as the 11th hike in the last 12 policy meetings was implemented. After the conference, the dollar index fell 0.4% against its rivals as U.S. 10-year Tresrury yields slipped to 3.862%. Bullish sentiment for gold continues, with even stronger seasonal action likely to come in the following months. Thanks for listening.

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