Gold extends slide as Powell stays, Fed split lifts yields higher

Gold extends slide as Powell stays, Fed split lifts yields higher

Gold (XAU/USD) price extends its losses over 1% as the Federal Reserve (Fed) held rates unchanged and its Chair Jerome Powell hinted that he would remain on the board until the criminal investigation against him is definitively dropped. The XAU/USD pair exchanges hands at $4,546 after reaching a daily peak of $4,610. Bullion drops as […]

EUR/USD holds near 1.1670 as Fed leaves rates unchanged

EUR/USD holds near 1.1670 as Fed leaves rates unchanged

EUR/USD remains negative in the day but unchanged as the Federal Reserve (Fed) decided to hold rates unchanged on Wednesday at the last meeting of Jerome Powell as the Chairman of the Fed. At the time of writing, the pair trades around 1.1670, down 0.48% as eyes turn to Powell’s press conference. Fed’s monetary policy […]