Gold steady after rally as traders look to Federal Reserve meet - The Conservative Investor Daily

view original post Gold held gains after bouncing back above $1 700 an ounce, spurred by a falling dollar as traders examined the latest Federal Reserve comments for indications on the magnitude of its forthcoming interest-rate hikes. Bullion on Wednesday rallied 1% after dipping below $1 700 — a threshold rarely breached since the start of the pandemic in 2020. A guage of the greenback's strength has fallen from its all-time high. Support for the precious metal came even as interest rate increases looked set to continue in most major economies, apart from China. US Federal Reserve Vice Chair Lail…