Gold futures were trading lower Thursday morning, as investors gravitated toward equities and away from assets perceived as havens.
Specifically, the Fed said “if progress continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted.” “Fed Chairman Powell at his press conference sounded upbeat on U.S. economic and jobs-growth prospects,” wrote Jim Wyckoff, senior analyst at Kitco.com, referring to Powell’s 2:30 p.m. Eastern Time media Q&A following the Fed’s updated policy statement.
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Stocks hold their gains on Wall Street after Fed statementStocks on Wall Street closed broadly higher Wednesday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. With the use of your cellphone and PC you can earn up to more than $2500 daily from forex trade and Bitcoin investment depending on your capital investment. All thanks to Teri Ijeoma my forex account manager and Bitcoin miner Investor_Teri good luck
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