Gold Showed little reaction to widely expected 0.25% Fed rate hike

Gold Price was moederately higher during US trading Wednesday and only showed little initial reaction to the US central bank raising its main interest rate by 25 basis points. The Federal Reserve’s Open Market Committee (FOMC) said that the US economy is growing moderately in the statement.

Traders would like to see if Fed Chair Powell continues to lean hawkish on US monetary policy, or if he eases up a bit given the tamer US inflation readings recently.

US stock indexes were mixed in Wednesday afternoon trading time.

The key outside markets saw the US dollor index weaker. Meanwhile, Nymex crude oil prices were weaker and trading around $79.00 a barrel. The benchmark 10-year U.S. Treasury note yield was presently fetching 3.887% and moved very little after the Fed rate increase and FOMC statement.

Technically, August gold futures bulls have the slight overall near-term technical advantage but need to show fresh power soon to keep it.


周三美联储将主要利率提高 25 个基点后,美国交易期间金价小幅走高,反应不大。美联储公开市场委员会在FOMC声明中表示亦美国经济正在温和增长。



主要外部市场美元指数走软。与此同时,纽约商业交易所原油价格走弱,交易价格约为每桶 79.00 美元。基准 10 年期美国国债收益率目前为 3.887%,在美联储加息和 FOMC 声明后几乎没有变动。


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