Gold market holds gains as Fed keeps options open on future rate hikes

📆 27/07/2023 00:25:00
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Gold market holds gains as Fed keeps options open on future rate hikes gold FederalReserve interestrate

- The gold market is holding on to solid gains as the Federal Reserve is playing its cards close to its chest, saying that future monetary policy will continue to depend on data.

"We need to stay on task and hold policy at restrictive levels for some time," he said. "The process still has a long way to go." "Many people wrote down rate cuts for next year, but that will be a judgment we will have to make next year," he said.

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