$PAXG
Simply: the market is expected to raise rates in the first place, so there won’t be a surprise.
The important part is what the Federal Bank’s chairman will say in the press conference 📝
* If he says we’ll raise again → gold could be pressured and fall.
* If he says we won’t raise again soon → gold could rise.
So what the Fed says will matter more than the rate decision itself, because the markets have essentially already priced in the hike ...
Simply: the market is expected to raise rates in the first place, so there won’t be a surprise.
The important part is what the Federal Bank’s chairman will say in the press conference 📝
* If he says we’ll raise again → gold could be pressured and fall.
* If he says we won’t raise again soon → gold could rise.
So what the Fed says will matter more than the rate decision itself, because the markets have essentially already priced in the hike ...
