Gold gains following Fed decision
Gold prices rose significantly following the U.S. Federal Reserve's decision on interest rates, with spot trading increasing by up to 1.4%, approaching $4,423 per ounce. The decline in the dollar, which helped boost its appeal, also contributed to this rise. Additionally, the precious metal benefited from falling oil prices and U.S. Treasury bond yields, reflecting a positive response to expectations regarding inflation and future monetary policy. Gold price reached close to $4,314 per ounce after a previous decline, recovering previous losses and continuing to fluctuate within a defined range.
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