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1 May 2024

United States Fed Interest Rate Decision meets forecasts (5.5%)

May 1, 2024

Gold price rises above $2,300 amid mixed US data ahead of Fed decision

Gold price reclaimed the $2,300 milestone on Wednesday after dropping to a two-week low of $2,281, sponsored by a rise in the Employment Cost Index (ECI) in April.

EUR/USD jitters on reaction to Fed rate hold, FOMC press conference still on the cards

EUR/USD bumped slightly higher after the Federal Reserve (Fed) released its latest rate outlook, with the US central bank citing an improvement in inflationary conditions, though targets remain unhit.