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Gold climbs as Fed signals only one more rate hike to come

Por: MarketWatch Business March 23, 2023

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The , but both Chairman Jerome Powell and his colleagues on the FOMC signaled that only one more rate hike would follow at their next meeting in May before a pause. Gold briefly topped $2,000 per ounce earlier this week. The Fed’s 25 basis-point rate hike, coupled with the ongoing banking crisis, has further strengthened gold’s position as a “safe-haven asset,” said Joseph Cavatoni, chief market strategist, North America, at World Gold... + full article



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