Dovish Fed signals pause in rate rises

GOLD was trading higher after the Federal Reserve left interest rates on hold.

Dovish Fed signals pause in rate rises Dovish Fed signals pause in rate rises Dovish Fed signals pause in rate rises Dovish Fed signals pause in rate rises Dovish Fed signals pause in rate rises

Fed chair Jerome Powell

"We don't see data coming in that suggest that we should move in either direction," Fed chair Jerome Powell said at a press conference, according to Bloomberg.

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