XTRADE_fomc_may_2022

US Fed Hikes Interest Rate First Time since 2018

These are historic times. For the first time in four years, the Federal Reserve increased rates by a quarter percentage and hinted that it would hike rates six more times in 2022. These drastic measures have been taken to fight the fastest inflation in forty years.

Gold has risen lately.
Will Fed’s measures push it even higher?

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