Daily Market Report
➢ Gold slipped toward $4,250–$4,280 after the Fed kept rates unchanged but signaled possible tightening later this year.
➢ The Fed held its policy rate at 3.50%–3.75%.
➢ The decision was unanimous at the first meeting led by Kevin Warsh.
➢ Fed officials projected a higher year-end policy rate, indicating growing support for a rate hike.
➢ Higher interest rates reduce the appeal of non-yielding assets like gold.
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