Neutral Fed does little for the USD, boding well for higher gold prices
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Neutral Fed does little for the USD, boding well for higher gold prices
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Investors were left wanting more from the Fed as other central banks move towards adapting their monetary policy
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Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.
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The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.
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A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.
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