Gold rebounds after US rate increase
The news reports that gold prices rose by more than 1% following the decision by the U.S. Federal Reserve to keep interest rates unchanged, which led to a decline in the dollar and U.S. Treasury bond yields. The spot price of gold increased to over $4,076 per ounce, as investors are expected to focus on the central bank's press conference to make future decisions. It is worth noting that the decision was made despite some dissenting voices within the committee, and the report indicates that gold could surpass the immediate risk level after a temporary decline.
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