Hawkish Fed Hold Caps Gold's Rally as War Risk Supports $4,050 The Federal Reserve's decision to keep interest rates unchanged this week may have offered some temporary relief for gold investors.
However, three hawkish dissents in favor of a 0. 25% hike sent a clear signal that the Fed remains committed to tighter policy. Gold prices have been range bound for weeks, hovering around $4,000 an ounce.
This week was no exception, with prices rallying above $4,100 before falling back to $4,050 on Friday.