Gold (XAU/USD) traded higher on Thursday, recovering some of its losses on Wednesday after the Federal Reserve's (Fed) monetary policy decision.
At the time of writing, the precious metal had reached the $2,620 area after bouncing off a low of $2,580 the previous day.
The Fed cut interest rates as expected but raised growth and inflation expectations and lowered its projection for rate cuts next year.
This, coupled with an unusually hawkish tone from Fed Chair Jerome Powell, triggered a risk-off reaction, causing the US Dollar Index (DXY), which tracks the USD against a basket of six major currencies, to test a two-year high and crush Gold and equities.
Sumber: FXStreet
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