How is Fed’s interest rate decision impacting gold, dollar? – Türkiye Today

From Google: 2024-08-01 07:48:27

The Federal Reserve’s decision to hold interest rates steady has caused gold prices to rise as investors flock to the safe-haven asset. The US dollar has fallen in response, with the dollar index dropping to 90.44. The anxieties surrounding rising inflation and uncertainty in the stock market have driven this shift.



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