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Gold and silver rose after the Fed meeting



The outcome of today's Fed meeting brought the expected results. The key rate remains unchanged, the Fed is flexible, and gold and silver prices have risen.

The Federal Reserve has left interest rates at its current level of 2.25-2.50 percent on Wednesday night. The interest rate decision met expectations.

The Fed statement also confirmed the assumptions that were traded in the markets at the end of last week. After a lengthy reduction in balance in recent months (“Quantitative Reinforcement”), a perhaps slower procedure was indicated here in the course of a targeted balance normalization — at least, adaptation to economic and financial conditions. And it became clear that the regulation of the federal funds rate is the main instrument of monetary policy.

Gold graph

Gold in US dollars, during the day 01/30/2019 (Source: GodmodeTrader)

Gold and silver prices continued to rise after the Fed issued a statement. At 8:45 pm an ounce of gold in the spot market was worth 1,322 dollars (+ 0.8%). This corresponds to 1,150 euros (+ 0.5%). An ounce of silver was trading at 16.07 dollars (+ 1.4%) – 13.98 euros (+ 1.1%) in euros.

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Registered Gold Reporter
January 30, 2019. Stored at the prices of the Fed, Gold, Gold, News, Silver, Silver.
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