Gold Gains as Fed’s Rate Comments Are Less Hawkish Than Feared Fed holds rates steady, citing lack of inflation progress Forward guidance gives implicit nod to cutting rates Gold advanced as investors found comfort in the Federal Reserve’s signals that it will still pivot to lowering borrowing costs after gaining enough confidence that price gains are cooling. Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% — where it’s been since July — following a slew of data that pointed to lingering price pressures in the US economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Concerns Arise Over CPI Data Accuracy with Response Rates Lagging READ MORE U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattack READ MORE Investors loved weak yen boosting shares until it went too far READ MORE It’s not just investors watching the Fed: Central bankers across Southeast Asia are trying to time rate cuts to ensure their currencies don’t collapse READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment