Gold scales late-April highs after dovish Fed

The Fed on Wednesday scaled back to a quarter-percentage-point rate increase after a year of larger hikes. Powell warned of further monetary policy tightening but also noted the progress on disinflation, which he said is in its early stages.

Gold scales late-April highs after dovish Fed
The Fed on Wednesday scaled back to a quarter-percentage-point rate increase after a year of larger hikes. Powell warned of further monetary policy tightening but also noted the progress on disinflation, which he said is in its early stages.