
Gold's appeal is increasing as traders prepare for the Federal Reserve's interest rate decision on May 7. Over the weekend, Trump again expressed his dislike for the Fed and its Chairman Jerome Powell. After calling Powell "rigid", the US President asked members of the Federal Open Market Committee (FOMC) to pressure Chairman Powell to cut interest rates.
When this news was released, the price of Gold was moving at the level of $ 3296, seen from the fundamental side, Gold still has the impetus to increase.
Source: Newsmaker.id
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