Gold prices fell on Wednesday (2/19) during the North American session after the latest Federal Reserve (Fed) monetary policy minutes showed that all policymakers voted to keep interest rates unchanged at their January meeting. XAU/USD was trading around $2,925, down 0.31%.
The minutes showed that Fed officials assessed the risks of a dual mandate as roughly balanced, while "some participants cited potential changes in trade and immigration policies as potentially hindering the disinflation process." Participants noted that some measures of inflation expectations "have risen recently."
Earlier, Gold hit an all-time high of $2,946 during the European session after US President Donald Trump revealed that he would impose 25% tariffs on imports of cars, pharmaceuticals, and chips. (Newsmaker23)
Source: FXstreet
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