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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: The Federal Reserve has remained silent for the fourth consecutive time, and spot gold is almost defending the 3370 mark." Hope it will be helpful to you! The original content is as follows:
On June 19, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 98.86. In the early morning of Thursday, the US dollar index once stood above the 99 mark and finally closed up 0.03% to 98.85 as the Federal Reserve kept interest rates unchanged, suggesting that the pace of interest rate cuts will slow down in the future, and expected "quite high inflation" in the next few months. U.S. Treasury yields fell first and then rose, with the benchmark 10-year U.S. Treasury yields finally closing at 4.3970%, and the 2-year U.S. Treasury yields closed at 3.9520%. Spot gold narrowly closed down 3370 mark and finally closed down 0.58% at $3370.20/ounce; spot silver finally closed down 1.16% at $36.72/ounce. On Wednesday, Trump said Iran had contacted the United States and the U.S. oil fell. WTI crude oil fell 3% during the day, and then the decline narrowed and finally closed down 0.93% at $73.07 per barrel; Brent crude oil closed down 1.27% at $76.03 per barrel.
Dollar Index: As of press time, the US dollar index hovers around 98.86. The dollar index fell several points after the Fed's latest call for interest rates and dot chart updates. FOMC still expects to cut interest rates by 50 basis points in 2025, but policy uncertainty widens the lattice spread. Technically, if the U.S. dollar index returns below 50MA at 98.56, it will move towards the support level in the 98.00–98.20 range.
On Thursday, gold trading around 3379.81. Gold prices rose slightly at the start of the Asian session after the Fed decided to maintain interest rates, while saying they are still considering a two-time rate cut. Meanwhile, U.S. President Donald Trump’s edoyoko.comments on Iran triggered a pullback to a weekly low of $3,362 before closing near the current level.
On Thursday, crude oil trading around 74.15. Worries about the possible involvement of the United States in the Middle East are boosting oil prices. Crude oil futures rose on concerns about supply disruptions. Iran's ambassador to the United Nations vowed to respond strongly if the United States was involved in the war.
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The above content is all about "[XM Group]: The Federal Reserve holds its troops for the fourth time in a row, and spot gold is almost at the 3370 mark". It is carefully edoyoko.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
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