Gold Jumps as US-Iran Peace Deal Optimism Counters Hawkish Fed


For gold, the expectation of a rate hike was “already baked in” even before the latest Fed decision, Ryan Mckay, senior commodity strategist at TD Securities, said in a note. “The overall tilt remains bearish for the yellow metal,” which suggests it would take a notable shift in the Fed outlook to change the underlying market sentiment in precious metals. 



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