Gold prices rose after the U.S. Federal Reserve announced a widely expected rate hike and signaled a pause in further increases. The Fed's decision also caused the U.S. dollar to fall, making bullion more expensive for buyers holding other currencies. Traders now await Fed Chair Jerome Powell's press conference for more cues.
from Business News, Share Market updates and Indian Stock Market News - CNN- News18
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Gold Firms After Rate Hike, Fed Signal on Pause in Increases
![Gold Firms After Rate Hike, Fed Signal on Pause in Increases]()
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May 03, 2023
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