The Federal Reserve wants to bring inflation to its 2 percent target without causing an economic contraction
The price of an ounce of gold, which had reached close to $ 2,000, fell to $ 1930 after Federal Reserve inflation news.
U.S. equities and the safe-haven assets such as gold both experienced solid price declines as a direct result of upcoming rate hikes. As of 5:42 PM, EDT gold futures are currently fixed at $1932.50 based on the most active June contract after factoring in today’s decline of $15.70 or 0.81%.
